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Plastic recycling growth masked by prices fall

Prices for mixed plastic bottles have halved in the past two weeks masking the more general growth the market is experiencing.Recent price drops have been caused by an abrupt fall in demand from China and Europe as well as a sharp drop in polymer prices caused by the global economic downturn.While mixed plastics in particular have dropped from £80-90 at the beginning of October to £40-50, a report for 2007 revealed longer-term European growth in material demand ...