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Reasons for Volatility <br />• Changes in global markets/ financial (in)security <br />• Consolidation of markets <br />• Recycled goods compete with "virgin" material <br />pricing -- low oil prices impact recycled plastic value <br />• "Evolving ton" <br />• Known, salable, commodities lighter, harder to sort, lower <br />7tl Uloaies Singte Serve <br />percentage relative to unsalable or lower value materials <br />Chunk Li5!ht <br />TUNA- <br />• packaging styles have changed Inza <br />,o <br />• MRFs expected to sort it all out and still make money <br />— Recycled commodities are worth less, compounded by <br />cost increases for technology, equipment and labor <br />required to process variety of materials <br />• Still need to meet the quality requirements of end users <br />