Living in Peace and Wisdom on our Planet

  My Profile  Log In   Register Free Now   
Living in Peace and Wisdom on our Planet Planet Thoughts Advanced       Click to see one of our videos, chosen at random from the database, along with its PlanetThought
 Try a video
Home   About   Books&Media   Resources   Contact  
   News   Quote   Review   Story   Tip   All   Blogs   News   Quotes   Reviews   Stories   Tips
Get Email or Web Quotes
or use our RSS feeds:
New Feed:  Fossil Fuel
 Full  Blog  News
Read & Comment:
A Solar Community In Isr...
'Let's You And Him Fight...
Paul Krugman's Errors An...
Why Climate Change Is An...

Most recent comments:
From Farm To Fork
A Simple List: Things We...
Can the affluent rest at...

Bookmark the site
Contribute $
Easy link from your site
Visit Second Life
Visit SU Blog

News item: Demand for Recyclables Drops, Causing Stockpiles and Slashing Prices

    Email a Friend     See Related

0 comments   Add a comment   Contributor:  TheTeam (Nov-16-2008)    Play a Video
Optimism: 2 Categories: Economic/Financial, Pollution, Wildlife and Nature

Recycled plasticsOAKLAND, Calif. – In the past few months, intense demand and high prices for recycled materials have disappeared, giving way to stockpiles of unwanted materials and halved rates.

Leading up to the Beijing Olympics, during which numerous Chinese factories and plants were shut down, Chinese companies intensified their imports of paper, plastic and other materials to recycle into new products. Since then, demand has fallen drastically, with the drop attributed to a number of factors.

Consumers are buying fewer products made in China, and with fewer products being shipped overseas, there is a lesser need for boxes and packaging materials to move those items, according to The Journal of Commerce. Chinese producers, therefore, need fewer materials to make packaging and items.

"A lot of the material was going to China to make boxes for all the things they were shipping back to the United States," Bruce Savage, spokesman for the Institute of Scrap Recycling Industries in Washington, told the Sacramento Bee. "When they aren't producing products, they don't need the packaging materials."

Some importers are now refusing to claim shipments of recyclables, The Journal reports, and others are negotiating lower prices for shipments that are already at sea, effectively forcing exporters to accept a price cut.

Scrap dealers and recycling firms across the U.S. are seeing the effects of lower demand, from companies in California stockpiling collected materials, refusing drop-offs from the public or charging customers for picking up materials, to New England communities that have seen rebates for paper and cardboard drop from more than $100 a ton to as low as $30 and $40 a ton.

Recycling in the U.K. is being hurt just as well. Of the 8.6 million tonnes of paper collected in the U.K. annually, only 4 million tonnes is handled within the country. The rest is exported, with about 75 percent going to China and other Far East countries, according to the Confederation of Paper Industries.

As demand from the Far East has slowed, firms are either warehousing the 400,000 tonnes of paper recovered monthly or selling it at a loss. "Even if Far East buyers return to the market quickly it is very doubtful that prices for the material will be anywhere near where they were through the middle of 2008 and excess stored material is likely to suppress prices for a much longer period," the Confederation said in a statement.

See original news item:, Nov-13-2008  
Related reading:
  Learning From China: Why The Existing Economic M... (Sep-20-2011)
  Global Youth Uprising: Dashed Hopes, Anger, And ... (Jun-26-2011)
  Recycling? What A Waste. (Oct-17-2010)
  Peak Oil: German Military Not Sticking Its Head ... (Sep-22-2010)
  Plug-In Hybrids: Renewable Energy Solution Of Th... (Jun-7-2010)
  World Bank OKs $3B For World's 4th Largest Coal ... (Apr-14-2010)
  China Blistering Past US In Green Investment (Mar-30-2010)
  I Is For Inequality (Jan-25-2010)
  'Get To Work', Urges Copenhagen Climate Summit H... (Dec-15-2009)
  Will History See This As A Turning Point For Cli... (Dec-1-2009)

Click one tag to see readings related specifically to that tag; click "Tags" to see all related readings
^ top
Add a comment    
  Follow the comments made here? 
  (Please log in or register free to follow comments)

^ top 
About contributor Member: TheTeam (PlanetThoughts Team) TheTeam (PlanetThoughts Team)

Member: TheTeam (PlanetThoughts Team) The volunteers of are happy to give you their best selection of news, opinion, reviews, stories, quotes, tips, and more. We hope you enjoy the reading... and thinking. Thanks!

Love your Planet... Know your Planet.

Visit Green Wave Email Marketing
Email Marketing for You and Your Planet

We won a Gotham Green Award for 2010, on Earth Day! Thank you Gotham Networking for this award.

See the attractive event brochure.

Recommended Sites

  Member of:
GOtham Green networking
Green Collar Economy
New York Academy of Sciences
Shades of Green Network

     Members/Affiliates *

Approaching the Limits
    to Growth
Environmental News Network
Heroin and Cornflakes

* Members of PlanetThoughts      
  communities on SU or MBL,      
  and blog article affiliates      

  Other Favorite Blogs
21st Century Citizen
Center for Bio. Diversity
Easy Ways to Go Green
Good Bags
Opposing Views

Valid my RSS feeds

We Do Follow

  Volunteer      Terms of Use      Privacy Policy  

Copyright © 2020 All Rights Reserved.
Except for blog items by David Alexander: Some Rights Reserved.