On November 25, the fifth meeting of the United Nations Negotiating Committee on Plastic Pollution officially opened in Busan, South Korea. The meeting attracted registration from over 170 countries and more than 600 observing organizations, aiming to develop a legally binding global instrument covering both terrestrial and marine environments over the course of a week. South Korean President Yoon Suk-yeol called via video for representatives to achieve the goal of zero plastic pollution for future generations. UN Secretary-General António Guterres emphasized in his speech the need for an "ambitious, credible, and fair" treaty to address the lifecycle issues of plastics, including single-use and short-term plastics, waste management, and measures to phase out plastics and promote alternative materials.

In the recycled plastic market, the trading atmosphere in the domestic recycled high-pressure market this week is generally average, with prices remaining stable. As of November 21, the mainstream transaction prices for washed stretch film and flat film first-grade film are 4,100-4,200 yuan/ton, while the mainstream transaction price for EVA granules is 5,900-6,200 yuan/ton. The mainstream transaction price for recycled high-pressure white transparent first-grade granules is 6,300-6,400 yuan/ton. These prices have remained flat or slightly declined compared to last week and the same period last year.

Plastic products have a wide range of applications across various industries, including packaging, construction, automotive, electronics, medical, and textiles. However, with the increasing global awareness of environmental protection, the issues of plastic waste disposal and recycling have become more prominent. Traditional disposal methods such as landfilling and incineration can easily cause secondary pollution; therefore, strengthening the recycling and utilization of waste plastics is of significant importance for environmental protection and resource recycling.

The recycling and utilization of waste plastics not only saves energy but also reduces or mitigates the hazards posed by waste plastic products. Through recycling and reuse, dependence on crude oil can be reduced, which helps suppress rising oil prices; at the same time, recycled plastic products are also economically convenient. Therefore, scientifically and reasonably utilizing waste plastics can not only provide energy but also protect the environment and achieve sustainable development.