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US plastic scrap exports down 30% in 1H on China ban
HOUSTON, August 7, 2018 (PCW) -- US exports of plastic scrap were down by 30% in the first half of 2018 from 1H 2017, the result of a plunge in exports to China and Hong Kong, the latest US Commerce Department data show.
1H 2018 exports totaled 666,759 metric tons, down from 949,789 mt in 1H 2017. This includes the five plastic scrap categories tracked by the US government for imports and exports--PE, PS, PVC, PET and unsorted "other."
The value of 1H 2108 exports was $270.2 million, down from $357.3 million in 1H 2017.
The graph below gives a breakdown of exports to China and Hong Kong, which collectively accounted for 83.7% of these exports in 1H 2017 and 13.6% in 1H 2017.
China's Operation Sword ban on certain scrap and rubbish went into effect last fall. -- Xavier A. Cronin