China used to process half the worlds’ recycled plastic – Britain sent 500,000 tons there annually. However – as of Jan 1st China will no longer accept imported plastic waste.
One effect of this has been to slash the price per tonne that waste collection companies can sell recyclable materials for.
The price of certain grades of recycled paper and cardboard is also heading south. In Dec 2017 mixed waste paper was worth up to £20 per tonne – now it’s worth nothing. If waste companies cannot offest the costs of their services against selling what they collect, they will need to charge more.
Traditionally, the waste industry raises its prices each April. 2018 is likely to see higher increases than normal. If waste is a significant cost for you then please give me a call and we can take some action now.
Article by: Steven Godfrey