CHINA WASTE MATERIAL DEMAND SLUMPS
November 1st, 2008
BY KEITH NUTHALL
THE DEMAND from China for waste packaging from the European Union (EU) has shrunk dramatically, which will inevitably impede product manufacturers from ensuring enough of their materials end up in recycling, as required by EU law. Plastics packaging has been especially hard hit, with Hong Kong dealers reporting slides from US$540 per tonne to US$380 per tonne from August to October. Prices in paper have also fallen dramatically, but there the outlook is rosier, with process stabilising after China's State Council announced this month it would ...
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