In 2018, the domestic waste plastics industry was in a state of “valuation and no goods”.

Due to the implementation of the foreign garbage import policy, the total amount of licensed imports has been strictly controlled, and the multiple factors such as increasing market demand, environmental protection and import reduction have been combined, and the double factors have led to a decline in the import of waste and scrap. In 2018, “priceless goods” has become the status quo of the waste plastics industry.

The waste plastics industry was hit hard by environmental protection this year, which led to the closure of small-scale downstream workshops, which caused the supply chain to be interrupted. In addition to the ban on the import of foreign waste plastics, the supply of raw materials is in short supply, and many plastic products enterprises have emerged from the embarrassing situation of holding money and not buying goods. From the perspective of the domestic market, in addition to market demand, environmental protection investigations may cause a large number of small and medium-sized enterprises and small workshops to stop production or shut down, resulting in a shortage of supply.

The tight supply of waste plastics is difficult to change in the short term. It is difficult to find imported plastics and bring hope to the domestic recycling industry. Recycling manufacturers have entered the market one after another, and the spot returns are very tight.