China expands ban on US waste exports

China is expanding its ban on waste imports. The ban will take place beginning Dec. 31, 2018 for various plastic wastes, slag steel, waste car pressure parts, and copper, aluminium, and steel-based waste hardware. From Dec. 31, 2019 the ban will include wood chips and wood waste, cork waste, and various metal scraps including stainless steel and titanium. The volume of the waste recently banned fell 2.2% in 2017 with China held 29.9% of the market, Taiwan 20.2% percent, and Hong Kong 10.9%.

At 52,824 TEU, plastic waste scrap is the largest single commodity under the new ban. Aluminium scrap is the second at 48,474 TEU, and copper scrap is third at 13,857 TEU.

Los Angeles is the top port for these exports to China, with 20.9% of the market in 2017, Long Beach at 18.3% , and New York-New Jersey at 13.7%. Cosco is the top carrier of these commodities to China, with a market share of 15.4% in 2017, followed by MSC at 12.1%, and Maersk at 11.1%.

(JOC)