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China Issues Second Batch of Scrap Metal Import Quotas

Metal News - Published on Fri, 12 Jul 2019

Image Source: South China Morning Post
The Chinese government issued a second batch of scrap metal import quotas totaling just under 450,000 tonne for delivery in the third quarter. The import quotas issued by China Solid Waste and Chemicals Management (a division of the Chinese environmental ministry) approved a total of 436,930 tonne of copper, aluminium, and ferrous scrap for delivery in ports in south, southeast, and north China. Most of the quotas were awarded to firms based in Guangdong, Xiamen, Shanghai, Ningbo, and Taicang, while a smaller volume is for delivery in Tianjin and Dalian.

Aluminium scrap accounted for 70% of the total quota issued at 306,930 tonne, while copper scrap totaled 124,450 tonne and ferrous 5,550 tonne .

Under the new policy, all scrap metal importers in China will need import licences issued under approved quarterly quotas from 1 July onwards before they can receive any material.

The first quota batch, issued on 20 June, approved 240,429 tonne of copper, 54,256 tonne of aluminium, and 14,968 tonne of ferrous scrap for import in the third quarter.

The total third-quarter scrap quota issued to date comprises 364,879 tonne of copper, 361,186 tonne of aluminium, and 20,518 tonne of ferrous.

The copper quota is below volumes of copper scrap imported in the third quarter of 2018. By contrast, the aluminium quota has already exceeded the deliveries in the same quarter last year. China imported 624,276 tonne of copper scrap and 349,510 tonne of aluminium scrap in the third quarter of 2018, according to official customs data.

A Chinese scrap importer said it was widely expected that import volumes will be strictly regulated and many have prepared by stocking up ahead of 1 July. Many plants are also running at a lower capacity, which has buffered the effect of the scrap import restriction.

Source :

Posted By : Rabi Wangkhem on Fri, 12 Jul 2019
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