Episode 951: PODCAST: US Currency Shortage in Pakistan Curbs Demand for Recycled Polymers in Asia

SINGAPORE (ICIS)--In this podcast, markets editor Julia Tan speaks with Senior Editor for Recycling in Asia, Arianne Perez to discuss how the recent shortage of US currency in Pakistan is affecting trade flows for the recycled polymers market in Asia. Pakistan has been experiencing low foreign currency reserves, leading to problems with the issuance of Letters of Credit (LC) which are essential for trade. Pakistan is a net importer of recycled polymers.Recyclers in Asia withdraw cargoes, look to alternative export marketsCurrency shortage further curtails Asia demand Short-term outlook bleak, but optimism ahead