At present, the global plastic recycling market is undergoing profound changes. The US r-PET market is showing an extremely strong demand, and in sharp contrast, the supply from Asia has fallen into a restricted predicament.

Recently, the dynamics of the PVC material market have attracted much attention from the industry. From the supply side, domestic PVC production capacity continues to rise, reaching 27.86 million tons by the end of 2024, an increase of 2.2% compared to the previous year. Since the end of January, the operating rate of the equipment has been at a high level. Even with some equipment maintenance, the weekly production of PVC in China last week was still 473900 tons. The production in January reached 2.0963 million tons, with both month on month and year-on-year growth.