Plastic Recycling in the USA / China Markets
A Collection of observations and thoughts about plastic recycling and plastic sales in the USA / China
There is the new challenge to look out for in China today. The Chinese central government has changed the way that they are allowing plastic scrap to be imported into the country. The have started enforcing a new regulation requiring the owner of the Plastic Scarp Importation License (Permit) to sell all of the material that they import into China. In the past, all plastic scrap was imported into China by a handful of plastic brokers that had been granted the Plastic Scarp Importation License. The holder of Plastic Scarp Importation License would then charge other companies a fee per metric ton (or per container), and allow another company to import plastic scrap into China using their permit number. Now the Chinese central government wants to bring more control into the system, and is requiring the holder of the Plastic Scarp Importation License to personally sell all of the material that they import. Due to this change in the law there are now over 14,000 containers of plastic scrap backed up in the Port of Hong Kong waiting for movement into Guangzhou / South China.
Please take a moment see the article in China Scrap Plastics E-News dated Sept. 5, 2011. “Customs clearance in Guangzhou almost became stagnant while sudden tightening in Tianjin”
This new Customs rule is definitely having an immediate impact on the importation of scrap plastic into China.
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