Subprime crisis affects the price of waste plastic bottles fell to 7 cents

Plastic bottles only sell 7 cents a

Yesterday morning, Wang Latai, who lives in Ruijin Xincun, returned to the community as if he had bought good food. When I was about to go upstairs and saw the master who had collected the waste in front of her and thought that the family had already picked up a lot of old newspapers and plastic bottles, Mrs. Wang quickly shouted to him: “Master, I have a lot of bottles and newspapers in my house. Let me go up and count."

The master stopped the three-wheeler and said: "Now the bottle only receives 7 cents and one, do you still sell it?" "7 cents one? How could it be! How many years have I sold the bottle? It has always been 1 cent. One. Do not lie to me this old woman!” Mrs. Wang was very puzzled. "Really, it only fell more than a week. If you sell it early, you'll still be 1 cent." The master patiently told Wang Laotai. Wang Laotai thought for a moment: "I still ask other people who collect waste, I don't believe it!"

After lunch, Wang Laotai turned around in the community and saw another master who had collected waste and asked the price. "Plastic bottle 6 cents a, newspaper 8 cents a pound." The master's answer, but also scared the old lady. "A master still said 7 cents a plastic bottle in the morning, how come here to you again?" "I really do not lie to you, now the waste is not worth before, and everything is falling. You have to not sell, in a few days Perhaps 5 cents is possible.” Wang Laotai was puzzled, and Zhang Aunty, who was on the floor, also came. She told Wang Laotai that the plastic bottle she had sold the day before was 8 cents, and she really couldn't sell her for 1 cent. Because the person who collects the waste products is familiar with her, he only calculates 8 cents, which is generally 7 cents.

The empty bottle of mineral water, which was originally sold for 1 cent, is now only sold for 7 cents. Recently, Wang Laotai, who lives in Ruijin New Village, Nanjing, is somewhat puzzled.

"The plastics factory that closed the bottle was closed. We couldn't do anything about it." The hawkers collecting waste products are also helpless. Recently, there have been a lot of small plastic factories that have gone out of business. Economic experts explained that the “subprime mortgage crisis” financial earthquake broke out on Wall Street in the United States, bringing with it a drop in oil prices. As a raw material, it is difficult for plastics to stop falling. Well, inadvertently, Wang Laotai was also "shocked" by the financial earthquake.

Wang Laotai had no choice but to bargain with the master who had collected the waste. Finally, at a price of 7 cents, he sold all kinds of drink bottles and cans that had been in the family for more than a month. A total of more than 100 sold only 7 pieces of money. Wang Laotai took money from the master and kept saying: "I used to be able to sell more than 10 bucks in the past, and suddenly I lost a few oh."

Plastic factory closed bottle nobody wants

Did the plastic bottle really lower prices? Yesterday morning, the reporter inquired about several garbage collection masters near Sanxiang Alley and Branch Lane and received a unanimous reply: In the past more than one week, the scrap purchase prices have indeed dropped, especially the plastic bottles dropped dramatically.

His master in Huai'an tells the reporter, “I still had 8 cents a day ago. Now the general purchase price is one in 6-7 cents. In two days, it may be 5 cents.”

Master He shook his head reluctantly. There were more than 50 people who collected waste products nearby. The plastic bottles they had collected before were sent to a plastic product factory near Xishan Bridge. The factory recently closed down. Do not use plastic bottles. The price of this bottle naturally drops.

"Not only the plastic bottle price cuts, but almost all the scrap purchase prices are falling. Like the newspaper, it has already dropped from 1 jin to 1 jin to 8 masts and 9 bucks." For example, Master Ho said, "Iron can be sold before. 1.6-1.7 yuan a pound, good iron can even sell 1.8 yuan a pound, and now have to fall a dollar, the top of the iron is only sold to 9 cents." The price difference is the largest, to be copper In the past, all sold twenty or thirty dollars a pound, and now the best copper is only ten dollars a pound. "We must know that when the market was the best, we received 35 dollars a pound of copper."

Financial earthquake "shocked" to the old kings

The reporter also found on the data released by the Ministry of Commerce website that, under the lead of crude oil, the price of petrochemical products has gone out of the uniform line, and the average decline is close to 10%. From July to October this year, the prices of products have fallen almost every month, and a very clear drop has formed.

Dr. Yong Fang, a doctor of economics and dean of the School of Economics at Nanjing University, told reporters that due to the Wall Street financial earthquake, international oil prices have fluctuated in the recent past. From nearly 150 US dollars to 80 US dollars, the repeated large fluctuations in crude oil make downstream products at a loss. Substantial changes in costs and the downturn in the downstream market make product positioning difficult. Taking plastic as an example, for the changes in market prices, manufacturers can only accept it with reluctance, and the initiative for positioning has long been absent from the hands of manufacturers or the hands of traders. The industrial downturn and the closure of the plastics factory caused financial earthquakes to “shock” hawkers who purchased waste products and Wang Laitai, a diligent family owner. This is a clear expression of global economic integration.

Not only that, China, as the country with the largest increase in the demand for oil and the largest demand for copper and iron ore, will have a direct or indirect impact on the lives of ordinary people once the world economy changes. Fang Yong said that the reason is very simple. Look how many things around us are based on these as raw materials. At a glance: automobiles, computers, mobile phones, and toiletries are enough to prove that financial earthquakes are not far away from ordinary people living in Nanjing.

Tang Qiguo, director of the Nanjing Academy of Social Sciences Institute of Economics, said in an interview with reporters that in recent years, China’s export-oriented economy has developed rapidly and its degree of internationalization is high. International financial turmoil will inevitably affect the domestic economy. However, the country has already introduced many countermeasures, such as the central bank cutting interest rates, adjusting economic policies, etc., and the overall balance of supply and demand in the country. Therefore, the financial crisis will not have a major impact on life.

Reprinted: Chinese bottle net

Trunk Organizer

Car Organizers,Seat Back Organizers,Trunk Organizers,Car Seat Organizer,Backseat Car Organizer

Ningbo Yinzhou Hengxi Winbate Household Product Manufacturer , https://www.nbwinbate.com