Echo plastics market fell after the RMB exchange rate
Especially this year, the price of recycling around thecountry are in a recession.
Take for waste plastics. As the plastic industryovercapacity serious. Plastic trading price has been in a down state, coupledwith the moment it is in the off-season demand for plastics, the downstreamdemand reduced, making the plastics industry is extraordinarily quiet. On theother hand, waste paper, waste plastic and so are upstream industries, thedecline of industry in the state of the front end, to the downstream wasterecyclers had an impact.
In addition, in recent years a lot of the industrydownturn, and recycling related to insufficient production companies operating,directly led to a substantial decline in demand for raw materials and othercommodities, leading to falling prices for recycling. For example, the price ofsteel has dropped to the level of 20 years ago, scrap metal recycling naturallydo not sell on price. In addition, the economic downturn is also one of thecauses of the steel industry downturn.