The impact of the environmental inspection on the plastics industry
This environmental rectification, on the one hand, promotes the gradual implementation of the relevant rectification policies on waste plastics processing; on the other hand, strengthens some downstream plastic products processing enterprises in north China to stop production rectification. Therefore, the impact of environmental protection factors on which end of supply and demand is more critical to the market game.
First of all, supply. Since the beginning of this year, the state has issued a series of policies and regulations on the consolidation of waste plastics. In mid-july, China made it clear to the WTO that it would ban 24 types of garbage imports by the end of 2017. At the end of July, the general office of the state council issued the implementation plan for the reform of the solid waste import management system by prohibiting the entry of foreign garbage. At the beginning of August, the ministry of environmental protection issued the "work plan for cleaning up and rectifying the recycling industry of electronic waste, waste tires, waste plastics, waste clothes, waste household appliances and so on". In mid-august, the ministry of environmental protection issued the catalogue of import waste management (2017).
Although the relevant policies on the import of waste plastics cannot be promulgated until now, it can be inferred from the actions of the ministry of environmental protection, customs and other departments that this year's import policies on waste plastics are likely to be strictly implemented. Although the new import standards will be implemented from the end of 2017 to the beginning of 2018, the operation strategy adjustment of the practitioners has been carried out successively. It is reported that the merchant ship mitsui has recently informed customers to suspend the transportation of plastic waste from North America to mainland China and Hong Kong. We expect the supply of imported waste plastics to shrink during the window period from march to April this year.