A difficult part of exporting plastic scrap to China is figuring out exactly what you can and cannot import. For most plastic brokers and dealers, it takes years of experience and trial and error before getting a clear answer. While I cannot cover this topic in a short article, a thing to be careful about is reflective (metallic) pieces or parts inside your plastic scrap loads.
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I always meet with new suppliers before doing any sort of money transfer. If possible, I’d rather pay cash for commodities during loading than sending out a deposit and crossing my fingers hoping the supplier is legitimate. The goal of meeting each of my supplier is to not only build the initial relationship, I plan on working long term with each and everyone of them. In the end, I’ve become very good friends with many of my buyers and suppliers. To me, business is about building relationships.
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Most Chinese businesses want to jump on the US bandwagon to search for plastic scrap they can trade or make money from. The magic formula seems to be to buy plastic scrap in the United States at low prices, export it to China, and make money. While many see the United States as an opportunity with open doors, I personally think that this window is becoming more narrow.
I say this because the United States is rapidly developing its own plastic scrap marketplace. Instead of shipping all plastic scrap into China for processing, most high quality, clean scrap is now being traded and sold locally at premium prices (at prices much higher than China). What gets exported is usually low in quality and or difficult and time consuming to separate and process.
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Yesterday, I had dinner at a Cantonese restaurant and while waiting for food to be served, I picked up an English newspaper, The Sunday Morning Post. After flipping through the first several pages, I stumbled across an article on electronic waste. I wanted to share this everyone here:
Potentially hazardous electronic waste is being exported to the mainland by operators of waste dumps in the New Territories just months after Beijing implemented a ban.
The mainland’s law was passed in 2008 but it has taken several years to implement. Despite the delay, the Hong Kong government has yet to figure out a sustainable approach to managing its own electronic waste.
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I’ve been sitting here for about 5 minutes now thinking of the correct word or phrase to describe the plastic scrap market. To me, the plastic scrap market can be summed up into 5 words, “it’s a jungle out hereâ€!
Recycled Plastic dot Com is a medium for trading plastic scrap worldwide, however, before getting into any deals, you need to use your head. If you are not comfortable with anything a buyer or seller says, stop and walk away. By the way, we are not responsible for the advertisements listed or the transactions you conduct!
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I came up with an interesting idea that may revolutionize the plastic scrap market once and for all. I wanted to share this idea with everyone here.
I think the correct name for this idea is “Plastic Scrap Super Storeâ€. As in the name, the basic idea is to create a super store (like Wal-Mart) for plastic scrap. This is a place where suppliers around the world can ship their plastic scrap to sell direct to buyers in China.
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It has not been long since the launch of Recycled Plastic dot Com and already I’m getting emails on a daily basis with questions about plastic, plastic recycling, and recycled plastics (which is great!). I’m having a blast answering your emails and meeting new people along the way. Several days ago, I received an email from Robbie asking how he can find plastic scrap suppliers in Europe. It seems I’ve been writing so much on selling that I’m neglecting the buying side of things. In response, I’m going to write an entire series on “finding plastic scrap suppliers” worldwide.
An essential aspect of trading plastic scrap determining prices. There is no set value to plastic scrap. There is no blue book value as in selling used vehicles. Plastic scrap prices move up and down like stocks. To be a successful plastic trader, you need to buy low and sell high. To be a successful recycler, you need to sell at the highest possible price. The key to being successful in this industry (probably true for all businesses) is finding the most suitable buyer for your type and quality of recycled plastic.
Ultimate Guide to Importing & Exporting Plastic Scrap into China
The process of importing and exporting plastic scrap to China can be confusing at first. However, in the end, when you figure everything out, it can be quite rewarding. Essentially, by shipping your recyclables directly to processors in China, you’re cutting out several layers of middlemen.