Vietnamese port authorities are starting to restrict imports of scrap plastic and paper due to a surge in diversions from China. That was caused by the latter applying tighter rules to its imports, resulting in a 96% jump in shipments of scrap plastic to Vietnam from the U.S. in the first quarter vs. a year earlier. Vietnam now accounts for 11% of shipments whereas China has fallen to 14% from 74%. Paper waste meanwhile has also been diverted to India which saw a 96% increase in imports from all suppliers in the first quarter. Indeed India looks set to be a significant destination for al...
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