Plastics Market Affected by Export Difficulties

The high cost of export containers to the Far East appears to be having a big impact on the prices being paid for recycled plastics, with recycling firms claiming that prices have fallen by up to £20 per tonne across some grades.

Problems facing exporters looking to ship material to the Far East which began in March (see letsrecycle.com story) have persisted, with the cost of shipping containers more than doubling from up to $600 earlier in the year to as much as $1700 currently, with further increases expected.

Recyclers of plastic bottles and exporters of plastic films have confirmed that this has had a negative effect on prices, with lower quality film and bottle grades particularly affected.

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