Some of the current trends in North America export markets caused by adverse effects, including the Chinese government to carry out continuous years of hedge action.
Have a first, recently the Chinese government driven continued depreciation of the RMB, the devaluation of the renminbi makes $more powerful, which makes North American suppliers panic stricken. The continued depreciation of the renminbi will make China's products more attractive. Because, Chinese goods are denominated in dollars, which also means that the United States and Canada, the cost of plastic recycling and supply market.
Devaluation of the RMB will stimulate and increase the domestic waste market demand, and not rely on suppliers in North America and europe. Players in the recycling market are worried that additional measures will further weaken the import demand of Chinese buyers, and will promote the reduction of foreign trade prices.
Were the second, is the focus of the North American suppliers concerned, Chinese Customs on imported waste plastics strict inspection and restrictions on movement is being restarted. Some of the U. S. suppliers of secondary waste plastics mentioned that they are experiencing the most stringent inspection, which is also proved once again that the Chinese government to control the import of waste plastics, in order to reduce the possibility of environmental pollution. U.S. exporters are calling for the Chinese government to take action called "second green action".
In addition, there are some positive aspects of the North American export enterprises said that at present, overseas shipping costs are the lowest level in history. According to the ocean shipping industry analysis, these attractive container shipping costs reflect the cost of fuel reduction, but also to the main transportation line has a certain good.On the other hand, polyethylene foam recycling and Styrofoam Recycling is necessary.