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Stock impact report

rPET market challenges further impacted by more closures, trade pressures [Yahoo! Finance]

Republic Services, Inc. (RSG) 
Last republic services, inc. earnings: 2/13 04:06 pm Check Earnings Report
US:NYSE Investor Relations: republicservices.com/investors
Company Research Source: Yahoo! Finance
The PET recycling system in the United States continues to face mounting pressures, and trade disruptions due to the conflict between the U.S. and Iran are not likely to offer favorable price changes in the long term, said speakers during an rPET market webinar hosted by The Recycling Partnership on Thursday. Recyclers and reclaimers continue to grapple with weakened end market demand due to cheaper overseas imports and stiff competition from virgin resin prices. This prolonged pressure on the rPET industry is leading to further reclaimer closures — most recently two Evergreen facilities in New York and Ohio — and could prompt MRF operators to consider stockpiling or landfilling as a result, speakers said. The industry knows how to collect, sort and process recycled plastics into flake and pellet for sale to end markets, said Kate Bailey, chief policy officer for the Association of Plastic Recyclers, during the webinar. The issue, she said, is that those end markets aren't buying Show less Read more
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