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June 22nd Futures News: The following are the warehouse receipts and changes for various commodities traded on the Shanghai Futures Exchange: 1. International copper futures warehouse receipts: 11,411 tons, a decrease of 2,326 tons from the previous trading day; 2. Pulp warehouse futures warehouse receipts: 241,467 tons, unchanged from the previous trading day; 3. Pulp mill warehouse futures warehouse receipts: 20,000 tons, unchanged from the previous trading day; 4. Nickel futures warehouse receipts: 94,269 tons, an increase of 314 tons from the previous trading day; 5. Lead futures warehouse receipts: 62,755 tons, a decrease of 25 tons from the previous trading day; 6. Rebar warehouse futures warehouse receipts: 25,797 tons, unchanged from the previous trading day; 7. Fuel oil futures warehouse receipts: 31,160 tons, unchanged from the previous trading day; 8. Alumina futures warehouse receipts: 270,388 tons, an increase of 270,388 tons from the previous trading day; 9. Hot-rolled coil futures warehouse receipts: 409,118 tons, down 2,055 tons from the previous trading day; 10. Petroleum asphalt plant warehouse futures warehouse receipts: 90,560 tons, down 3,500 tons from the previous trading day; 11. Petroleum asphalt warehouse futures warehouse receipts: 21,120 tons, unchanged from the previous trading day; 12. Stainless steel warehouse futures warehouse receipts: 94,396 tons, up 2,563 tons from the previous trading day; 13. Tin futures warehouse receipts: 8,768 tons, down 125 tons from the previous trading day; 14. Copper futures warehouse receipts: 77,849 tons, down 5,044 tons from the previous trading day; 15. Silver futures warehouse receipts: 876,367 kg, up 7,945 kg from the previous trading day; 16. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 17. Gold futures warehouse receipts totaled 111,633 kg, a decrease of 6 kg from the previous trading day; 18. Aluminum futures warehouse receipts totaled 479,960 tons, a decrease of 6,279 tons from the previous trading day; 19. Zinc futures warehouse receipts totaled 120,101 tons, a decrease of 327 tons from the previous trading day; 20. TSR20 rubber futures warehouse receipts totaled 27,620 tons, unchanged from the previous trading day; 21. Butadiene rubber futures warehouse receipts totaled 13,910 tons, an increase of 13,910 tons from the previous trading day; 22. Natural rubber futures warehouse receipts totaled 151,460 tons, a decrease of 50 tons from the previous trading day; 23. Low-sulfur fuel oil warehouse futures warehouse receipts totaled 0 tons, unchanged from the previous trading day.British Prime Minister Starmer: I will resign.The onshore yuan closed at 6.7763 against the US dollar at 16:30 on June 22, down 140 points from the previous trading day.British Prime Minister Starmer: Our international reputation has been restored.British Prime Minister Starmer: Britains economy is getting stronger and wages are growing faster.

Plastic Consumption Is Projected to Nearly Double by 2050, According to Studies

Haiden Holmes

Feb 27, 2023 14:08

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According to research published on Monday, plastic consumption in G20 nations is on track to nearly double by the middle of the 21st century unless a comprehensive and legally binding global treaty to reduce consumption is drafted.


According to Back to Blue, a research group operated by the Economist Impact think-tank and the Nippon Foundation, existing initiatives to increase recycling or reduce single-use plastic consumption have "barely scratched the surface" and a more comprehensive global plan is required.


In Uruguay, the United Nations began negotiations on an agreement to combat plastic pollution in November, with the goal of drafting a legally binding treaty by the end of the following year. 175 countries have joined up for the negotiations.


Nonetheless, if negotiations fail, annual plastic production in G20 nations could reach 451 million tonnes by 2050 based on current development rates, according to Back to Blue - an increase of nearly 75 percent from 2019.


The research group stated, "There should be no illusions that the treaty negotiations will be anything but difficult and treacherous." "The likelihood of failure is high, both in terms of no treaty emerging and a treaty that is insufficient to reverse the plastic tide."


It called for a stricter ban on single-use plastic, as well as increased production taxes and mandatory programs to hold companies accountable for the entire lifecycle of their products, including recycling and disposal.


Back to Blue stated that the combined measures could limit annual consumption to 325 million tonnes by 2050, but that would still be a 25 percent increase from 2019 and the equivalent of 238 million garbage vehicles.


Brazil, the United States, Indonesia, and Turkey are among the G20 countries that have yet to introduce national prohibitions on single-use plastic products, according to the report.