Top 5 Plastic Scrap Scams

matt
May 20, 2011
 
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I always meet with new suppliers before doing any sort of money transfer. If possible, I’d rather pay cash for commodities during loading than sending out a deposit and crossing my fingers hoping the supplier is legitimate. The goal of meeting each of my supplier is to not only build the initial relationship, I plan on working long term with each and everyone of them. In the end, I’ve become very good friends with many of my buyers and suppliers. To me, business is about building relationships.
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E-waste "Demanufacturing"

matt
May 16, 2011
   
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Cnet posted an interested news article on the dismantling of e-waste in the United States with pictures. The e-waste business is composed of more than just plastic recycling, but metal, glass and battery recycling as well. The highest profits in an e-waste business comes from precious metals such as gold, silver, and copper that can be extracted (smelted) from circuit boards (cell phones, computer boards, etc…). You can find the full story here:

Demanufacutring E-waste for Profit (photos)

Enjoy!

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Plastic Scrap Market Analysis 2011

matt
May 16, 2011
 
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Plastic Scrap Market Analysis

Most Chinese businesses want to jump on the US bandwagon to search for plastic scrap they can trade or make money from. The magic formula seems to be to buy plastic scrap in the United States at low prices, export it to China, and make money. While many see the United States as an opportunity with open doors, I personally think that this window is becoming more narrow.

I say this because the United States is rapidly developing its own plastic scrap marketplace. Instead of shipping all plastic scrap into China for processing, most high quality, clean scrap is now being traded and sold locally at premium prices (at prices much higher than China). What gets exported is usually low in quality and or difficult and time consuming to separate and process.
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Plastic Burn Test – Polyethylene Terephthalate (PET) [VIDEO]

matt
May 10, 2011
   
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The Plastic Burn Test is a method of quickly identifying plastic type by observing how plastic burns, its flame color, the smell, and more. Here is a video of PET (Polyethylene terephthalate) burning.

Here are general burn properties of PET plastic:

  1. yellow flame
  2. slow flame
  3. does not ignite / self extinguishes
  4. little or no smoke
  5. plastic drips
  6. does not char
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Electronic Waste Sent to China Despite Ban

matt
May 10, 2011
       
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Yesterday, I had dinner at a Cantonese restaurant and while waiting for food to be served, I picked up an English newspaper, The Sunday Morning Post. After flipping through the first several pages, I stumbled across an article on electronic waste. I wanted to share this everyone here:

Potentially hazardous electronic waste is being exported to the mainland by operators of waste dumps in the New Territories just months after Beijing implemented a ban.

The mainland’s law was passed in 2008 but it has taken several years to implement. Despite the delay, the Hong Kong government has yet to figure out a sustainable approach to managing its own electronic waste.
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BEWARE: Plastic Scrap Scammers

matt
May 4, 2011
   
2

Plastic Scrap Jungle

I’ve been sitting here for about 5 minutes now thinking of the correct word or phrase to describe the plastic scrap market. To me, the plastic scrap market can be summed up into 5 words, “it’s a jungle out here”!

Recycled Plastic dot Com is a medium for trading plastic scrap worldwide, however, before getting into any deals, you need to use your head. If you are not comfortable with anything a buyer or seller says, stop and walk away. By the way, we are not responsible for the advertisements listed or the transactions you conduct!
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