Asian Recycled HDPE - Slow
as Prime Resin Cheap- The
strong US dollar keeps imports lowSources said that Asian recycled
high-density polyethylene prices were stable day Nov. 16, due to thin
trade. Traders said
that the strong US dollar has kept import interest low. They also noted
that recycling is moving slower than expected because prime resin
has been cheaper globally. Some
traders suggested that there may be instances where European recyclers would
prefer to pay the penalty than use recycled resin because it is cheaper
globally. Sources say it takes time to
collect enough waste and produce high quality pellets for export. The
Asia recycling industry is still in its infancy. Due to low recycling rates and scrap bans, recycled
trading has been slow and opaque. Many
countries banned bale imports because they were considered plastic waste. Many
shipping lines also opposed to...