1/12/2024 0 Comments Asian poser![]() Plastic exports to China by top 10 exporting countries.Most common items of waste in the ocean by region.Mismanaged plastic waste per capita vs.How much plastic waste did China import?.Grocery bag comparisons of environmental impact.Grocery bag comparisons for greenhouse gas emissions.Decomposition rates of marine debris items.Cumulative recycled plastic export value by top ten exporters.Cumulative plastic exports by top ten exporters.Cumulative global production of plastics.Cumulative displaced plastic waste as a result of Chinese import ban.The trade-offs between plastics and substitutes (or complete bans) are therefore complex and could create negative knock-on impacts on the environment. It can also provide environmental benefits: it plays a critical role in maintaining food quality, safety and reducing food waste. This makes it a valuable material for many functions. Plastic is a unique material with many benefits: it’s cheap, versatile, lightweight, and resistant.In some regions, marine sources dominate: More than 80% in the Great Pacific Garbage Patch (GPGP) come from fishing nets, ropes and lines.Around 20% of all plastic waste in the oceans comes from marine sources.This makes the improvement of waste management systems across the world critical to reducing plastic pollution.This is because they tend to have more mismanaged plastic waste, whereas high-income countries have much more effective waste management.But, most of the plastic that ends up in the ocean comes from rivers in low-to-middle income countries.High-income countries generate more plastic waste per person.Plastic pollution is having a negative impact on our oceans and wildlife health.FIIs which had turned net buyers last week after a long time, again became net sellers, denting sentiments. Even RBI’s MPC minutes would be released tomorrow and would be keenly eyed. Recent CPI data points towards inflation stickiness and thus the need for prolonged high rates by US Fed. This along with PMI data due today and GDP data later this week would provide cues on interest rate cycle. Investors are cautiously awaiting US Fed’s monetary policy meeting minutes due on Wednesday to gauge its hawkishness. FMCG, Consumer Durables, Energy and Infra were marginal gainers. Nifty opened positive but see-sawed in a narrow range and finally ended flat with a minor loss of 18 points (-0.1%) at 17827 levels. Immediate resistance is placed at 17950-18000 levels.Ġ4:23 PM Domestic equities remained lackluster ahead of US PMI data to be released later in the day and Fed minutes due to be released on Wednesday. There is a possibility of an upside bounce in the market from near the support of 17700-17750 levels. But, still there is no confirmation of any higher bottom reversal at the lows. The positive chart pattern like higher tops and bottoms is intact and present weakness could be in line with the formation of new higher bottom of the sequence. Nagaraj Shetti, Technical Research Analyst, HDFC Securities What should traders do? Here’s what analysts said: The hourly momentum indicator shows that a positive divergence is developing which is a sign that the selling pressure is weakening. Option data suggests a broader trading range in between 17650 to 18100 zones while a shift in immediate trading range in between 17700 to 18000 zones. Volatility has been rising from the last three sessions but has been overall deflated from the last three weeks. Now, it has to cross and hold above 17888 zones, for an up move towards 18035 then 18081 zones whereas supports are placed at 1770 zones, said Chandan Taparia of Motilal Oswal.įear gauge index India VIX moved up by 4.69% from 13.38 to 14 levels. The index has been forming lower highs - lower lows from the last three trading sessions. Tech View: Nifty today formed a bearish candle on the daily chart with a minor lower shadow.
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