Hangzhou: Waste Plastic Bottle Recycling Price Drops by Up to 75%

In the waste recycling market in Hangzhou, the price of ordinary plastic bottles, which can best represent the price of waste recycling, has declined – the recovery price of plastic bottles that have been strong for three to four years has fallen from the previous 0.2~0.3 yuan/piece to the current 0.05 yuan to 0.15 yuan. /, the highest drop of up to 75%.

Scrap prices drop by 40%

On the morning of the 18th, in the Datong Dongyuan Community, Hangzhou, a woman named Chen Xing was discussing the price with a garbage collector. She seemed surprised: 120 kg of newspapers sold for only 216 yuan. "More than 20 days ago, it was 1.3 yuan/kg, and I thought I would go up. I didn't expect it to only sell for 0.9 yuan/jin." She said that these newspapers fell by nearly 100 yuan in 20 days.

Not only old newspapers, other scrap prices have dropped a lot. On October 15th, at the waste recycling center of Xiaoting Village near Shixiang Road in Hangzhou, the reporter learned that the recycling prices for plastic bottles, waste paper, cloth, etc., were all falling. "The maximum price of a large beverage bottle has reached 0.3 yuan/a, and that of an ordinary specification has also been 0.15~0.2 yuan/a. Now the price of the two plastic bottles is 0.15 yuan/a, 0.05 yuan." A waste recycling station The person in charge said that although the channels are different, the selling price of beverage bottles will be high or low, but the two prices he said are already the typical middle prices in the current market.

"Not only plastic bottles, but other waste products such as waste paper, cloth heads, hardware, etc. have all fallen." He said that the price of old newspapers fell from the peak of 1.1 to 1.3 yuan/kg to the current 0.9 yuan/kg; the highest The recycling price has broken 35 yuan / kg of scrap copper is now about 18 yuan / kg recovery price. The person in charge of the “Panshu Scrap Recycling” in Hangzhou Changle Community also told reporters that since late August, the waste recycling price in Hangzhou began to decline. After more than a month's walk, the price of most waste products has fallen more than 40%.

The price has plummeted, and a few “broken kings” have ceased operations

There are more than a dozen waste collection sites in Yuting Pavilion in Hangzhou, where the recycling of waste products is relatively concentrated. The reporter found that some of the stores here were deserted, and some of them were even locked.

“In the past 20 days or so, scrap has basically been priced once a day, and it has been reduced to the present.” The owner of a recycling bin said that, especially in the days of mid-October, a ton of scrap iron was reduced by two or three hundred yuan almost every day. They Even the work of clearing the library could not be completed.

Since the market trend is not clear, and the future price of scrap is unknown, some scrap purchasers have started to issue a "suspended business" card. The bosses are deeply helpless - they are now closing prices, and I am afraid that they will fall again tomorrow. A boss who has been engaged in waste recycling for nearly 10 years has confirmed to reporters that for the first time in her life she has seen such a large price fluctuation. If she goes down, she will also close her door.

"The business is also worse than before. The total amount of waste recovered in September was about 40,000 yuan, which is a lot less than the 65,000 yuan recovered in June this year." He analyzed that the drop in recycling amount may be too high for the public. The recovery price is too low. From other sources, the reporter also learned that because of the reduction in the amount of business, some of the smaller recycling bins have closed. The financial crisis affected the "broken king"

Wang Xiaoping, a person in charge of a waste recycling company in Hangzhou, said that the fall in waste recycling prices began at the end of August this year and the beginning of September, and various kinds of waste recycling prices have fallen sharply: In mid-August, the scrap aluminum with a recycling price of 8 yuan/kg has now fallen to 4 yuan / kg; scrap iron from 2 yuan / kg fell to 0.8 yuan Jin; waste newspapers also dropped from 1.2 yuan / kg to the current 0.85 ~ 0.9 yuan / kg.

The prices of old newspapers, beverage bottles, and iron and other scrap products have fallen sharply. It is confirmed by news that the original copper prices with stable recovery prices have also changed: the peak recovery price of 56 yuan/kg of copper has now fallen to 30 yuan/kg. Kilograms or less.

Most scrap recycling bosses believe that the sharp decline in prices is related to the impact of the international financial crisis. They analyzed that most of the waste products purchased by China are used for recycling and reprocessing, used as industrial materials for manufacturing, and then exported to finished products. Now the international financial crisis first affects China’s foreign trade. Once foreign trade shrinks, China’s waste buying industry is also directly affected, and the price of raw materials naturally falls and falls again. According to industry insiders, due to the international financial turmoil, the recent decline in international commodity futures, the prices of commodities such as copper, aluminum and iron have all declined, and the terminal purchasers of acquisition stations have also lowered the purchase price following the price of futures.

"Recycling prices for waste products have dropped substantially and are related to the economic environment." Wang Xiaoping said that many waste recycling and processing companies are declining in output and sales because local sales are blocked, many downstream companies reduce their raw material requirements, and waste products are circulated. As the speed is reduced, natural recycling prices have declined.

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