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                                    新聞中心

                                    NEWS

                                    Waste plastics import policy tightening environmental protection spawned supply side reform

                                    發布時間:2017-07-22 11:25:10    499次瀏覽     

                                    Trend rating: LLDPE/PP: shock
                                    Date of report: July 20, 2017
                                    Events: China will ban imports of waste plastic from the end of 2017
                                    Recently, China has made it clear to WTO that as an important part of environmental protection activities to prohibit the import of "foreign waste", China will ban the importation of 24 types of waste at the end of this year. PE and PP waste plastic imports each year about 2 million tons of body mass, this news has a greater impact on the plastics market.
                                    Living source waste plastic imports are prohibited or will lead to shortage of wool
                                    The waste plastic import policy adjustment has far-reaching influence, on the one hand, the official first mention of the "concept of life source of waste plastics", which means that only clean processing scrap, defective products such as industrial waste plastics can import, and easy in cleaning process caused by water pollution source of living waste plastics will be banned. Considering the limited supply of hard cleaning materials abroad, the import of waste plastics will be scarce in the latter part of the country. On the other hand, imported and domestic policy tightening environmental supervision will form a joint force, raw material contained the life source of imports of waste plastics, processing will further strict implementation of the requirements of environmental protection, which will effectively curb environmental pollution, domestic waste plastics processing enterprises will also be due to the lack of raw materials and a large area of exit.
                                    The compression of recycled materials can be understood as the reform of supply side driven by environmental protection
                                    Domestic environmental rectification overlay import policy tightening, compression of waste plastics market will be a long-term and continuous process, generalized plastic from the supply point of view, this can be understood as the supply side reform involves the birth of the environmental pollution, renewable materials supply will be out of the market, the new material will replace the recycled materials to a certain extent.
                                    Investment advice
                                    Waste plastic import policy tightening constitutes incremental bullish factors boost prices rose, the spot market actively receiving or make prices continue to remain high, short-term recommendations L1709 contracts continue to hold more than one to 9800 yuan / ton, PP1709 contract to hold more than one to 8800 yuan / ton. At the same time, we should pay close attention to social stock changes and guard against high callback risk.
                                    Risk warning
                                    Waste plastics market is relatively complex and lack of transparency, the latter policy effect still needs to be observed
                                    1, events: by the end of 2017, China will prohibit the import of living waste plastics
                                    Since July 1st, the country to carry out combat illegal utilization of imported waste plastic processing industry environment "special action, at the same time, the waste plastic import approval the latest batch has not yet been issued, there are rumors about the change of waste plastic import policy malpractice. In July 18th, Reuters (Geneva) reported that Chinese to WTO made it clear that as an important activity to ban imports of "foreign garbage" environmental protection activities, by the end of this year, China will prohibit the 24 Categories of waste plastics waste import, source of life impressively. Renewable PE and renewable PP annual import volume of about 2 million tons of body mass, in July 19th evening after the news came out, the market response to this larger, LLDPE and PP futures rose sharply on 20.
                                    2, the living source of waste plastic imports are prohibited or will lead to shortage of wool
                                    As early as February, the General Administration of Customs of the deployment of the national customs to carry out a one-year crackdown on smuggling "sword country 2017" joint special operations, focusing on the "foreign garbage" and other illegal activities of smuggling, commodity inspection, customs clearance inspection was generally strict, the overall imports of waste plastics in 4 and May have shown a trend of decline.
                                    In 2016, a total of 23 batches of plastic waste import approval, total approval amount of 11 million 500 thousand tons, and eventually imported 7 million 350 thousand tons of plastic waste, import approved volume is relatively well-off. By the end of May this year, the first 11 batches of imported approved amount compared with 2016 is quite basic, but after the twelfth batch of license has not yet been issued (routine for about half a month, the market for a publicity) import policy tightening rumors has been more than a month.
                                    According to the April 18th thirty-fourth meeting overall deepening reform the central leading group for consideration by the "ban on foreign garbage entry reform of imported solid waste management system implementation plan", type and quantity of imports of waste plastics have been tightening is the main tone; the China government clearly put forward to the WTO directory to prohibit the import of solid waste to adjust the source of life, bear the brunt of waste plastics. The waste plastic import policy adjustment has far-reaching influence, on the one hand, the official first mention of the "concept of life source of waste plastics", which means that only clean processing scrap, defective products such as industrial waste plastics can import, and easy in cleaning process caused by water pollution source of living waste plastics will be banned. Taking into account the clean hard materials of foreign limited supply, later period can be directly imported waste plastics resources will be more scarce; on the other hand, imported and domestic policy tightening environmental supervision will form a joint force, raw material contained the life source of imports of waste plastics, processing will further strict implementation of the requirements of environmental protection, which will effectively curb the pollution of the environment, the domestic waste plastics processing enterprises due to the lack of raw materials and a large area of exit.
                                    The rate of imports of waste plastics and waste plastics will be banned from the end of 2017. The market for waste plastics will be greatly affected since 2018. In 2017, imports of waste plastics 1-11 batches approved has reached the general year nuclear quantitative into 6, imports of all segments of the approved amount also has the balance, then even if there is no import approval, approved during the year is enough. It is noteworthy that, waste plastics related enterprises environmental punishment more, and import policy is clear, some enterprises will gradually withdraw, accompanied by several months of natural sales, renewable materials market is very
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