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The Adjustment Of Waste Plastics Import Policy In China Affects The Market Dec 27, 2017

On July 17,Chinasubmitted to the world trade organization (WTO) that by the end of 2017, four categories of solid waste, including waste plastics, would be phased out in four categories, including waste plastics.

 

It is well known that the ban on imports of waste plastics related species was designed to block the primary processing to the domestic pollution transfer, banned the import of the four categories of varieties including life source of waste plastics, vanadium slag, unclassified waste paper and textiles.

 

In the short term, the policy implementation window is the end of this year, normal raw material imports will not be affected immediately; Longer term, assuming that all imported waste plastics new material, new market demand of PP, PE and PET were 4%, 10% and 4%, respectively, relative to character, PE market volatility is larger.

 

But the reality is, the influence of the policy enforcement, but also subject to speed up the development of domestic renewable resources industry, the influence of gap fill imports, import recycled plastic particles was not forbidden.

 

Anyhow, reworked material has its unique positioning and market space, the new material for reworked material market penetration of simple substitution relationship does not exist, therefore, the policy for a ban on imports of waste plastics market overall impact is not big.

 

Waste plastics have been used inChinafor a long time, and its recycling and disposal have formed a complete industrial chain, but the overall development level is still different from that of advanced countries in the world.

 

On the one hand, due to the wide variety of renewable plastic sources, the quality is uneven and the performance difference between batches is larger, which leads to poor quality stability of recycled plastic.

On the other hand, from the current recycling plastic industry as a whole, domestic waste plastic recycling enterprises are still dominated by small and medium-sized enterprises, and the concentration degree of industry is relatively scattered.

 

Because of the waste plastics recycling is a complicated process, the technology demand is higher, and the domestic renewable plastic industry still is given priority to with physical recycling, there is no doubt that to some extent hindered the development of the industry progress.

 

Although there are various problems in the development of the recycled plastic industry, as a future development trend, the future of the recycled plastic industry remains bright.