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Plastics scrap demand ‘solid’, exporters claim

Posted on 22 February 2016

Traders of waste plastic for recycling have expressed renewed optimism of an upturn in trading conditions, with the return of demand for material from manufacturers in the Far East offering some buoyancy in the market.

However, there is still a level of caution over the potential for volatility in demand, which could have an effect on the price paid for scrap from local authorities and businesses, following what was a particularly challenging year for the recovered plastics sector in 2015.

Last week saw many buyers in the Far East return to the market following a slowdown in production coinciding with the Chinese New Year. Some had feared that demand may have been reduced when compared to the trading period prior to the New Year shut down, but the message from traders this week has been one of cautious optimism.

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