In September 2024, the price index of recycled plastic pellets in China was 759.6 points, a year-on-year decrease of 1.9% and a month on month decrease of 1.2%.

Modified plastics are materials with uniform appearance obtained by filling, toughening, strengthening, blending, alloying and other technical means with primary form resin as the main component and additives or other resins that can improve the mechanical, rheological, combustion, electrical, thermal, optical, magnetic and other aspects of performance. According to the modified function, the modified plastics include flame retardant resins, reinforced and toughened resins, plastic alloys, functional color masterclasses, etc. Each type can be further subdivided according to different materials, and due to their respective performance differences, the application field is also different.

Which recycling companies do discarded plastic lunch boxes go to? In which provinces are these plastic recycling enterprises located? On September 26, at the 19th China International Plastic Recycling Conference, with the official release of the plastic recycling information interactive platform and the plastic lunch box recycling map, China's plastic recycling industry not only has the first intuitive panorama of plastic lunch box recycling, but also lays the foundation for the transparency and traceability of recycled plastic lunch boxes.

In the current context of industry turnover and rising raw material costs, the plastics industry is capturing global business opportunities through innovative transformation. Customs data show that in the first seven months of this year, exports of plastic products increased by 7.2% year-on-year. This growth trend reflects the competitiveness and demand of the plastics industry in the global market.

In the national economy, the packaging plastic industry plays an important role. It is not only widely used in chemical, food, pharmaceutical and other fields, but also deeply involved in various fields such as information, energy, industry, agriculture, transportation, space and ocean development.

Recently, the Federal Reserve announced a 50 basis point reduction in the target range for the federal funds rate, to a level between 4.75% and 5.00%. This is also the first time in four years that the Federal Reserve has lowered interest rates. This marks the official shift of the United States from the tightest interest rate hike cycle in 40 years since 2022 to a rate cut cycle.

According to the National Bureau of Statistics, the production of primary plastics in August was 10.758 million tons, an increase of 0.5%. During the January-August period, cumulative production reached 86.267 million tons, up 4.5 percent year on year. In terms of varieties, the yield of polyamide (PA) increased significantly, reaching 25.9%. The production of ABS fell by 10.5%

The rapid development of technologies such as 5G communication, the Internet of Things, artificial intelligence (AI), low altitude economy, 3D printing, and the rise of intelligent living and new energy vehicles will constantly increase the market's requirements for material performance, which will promote the innovation and development of the modified plastics industry.

Recently, with the changes in the global trade situation, governments are adjusting their foreign trade policies to adapt to the new international economic environment. In September, a series of important new foreign trade regulations were successively issued, involving domestic and foreign policies, import and export policies and tariff policies.

In August 2024, the price index of recycled plastic particles in China was 768.6 points, up 1% year-on-year and down 0.9% month-on-month