China issued 2nd batch of copper scrap import quotas for 2020

Telah Terbit: Jan 09, 2020 10:51 (GMT+8)
China granted import allowances for 26,566 mt of high-grade copper scrap in the second batch of quotas for this year

SHANGHAI, Jan 9 (SMM) – China's environmental authorities on Wednesday issued the second batch of copper scrap import quotas for 2020, further assuaging fears of a supply shortage before imports of “solid waste” are completely banned by the end of the year.

The China Solid Waste and Chemicals Management Bureau, a unit of the Ministry of Ecology and Environment, granted import allowances for 26,566 mt of high-grade copper scrap in the second batch of quotas for this year, compared to 270,885 mt in the first batch.

Allowances in the two batches amounted to 297,451 mt. This is estimated to contain 229,961 mt of copper, with a Cu content of 80%, the average grade for imported volume in 2019.

In the first quarter of 2019, China imported 365,000 mt of copper scrap, translating to about 280,000 mt of Cu content.

Worries about copper scrap supply among Chinese scrap users have abated as import quotas for the first quarter have been issued early and are ample enough to avoid disruptions to operations.

The imminent introduction of the standards on recyclable copper raw materials, which will exempt high-purity copper scrap from the licensed quota-based import system, is also expected to help ease supply tightness. These standards are likely to come into force in the second quarter at the latest, and the MEE said in December that it has completed the review over these standards.

Besides, Chinese copper recyclers have been switching to alternative feeds such as remelt ingot. Customs data showed that China’s imports of remelt copper ingot surged in the second half of 2019.

Pernyataan Sumber Data: Kecuali informasi yang tersedia untuk publik, semua data lainnya diproses oleh SMM berdasarkan informasi publik, komunikasi pasar, dan mengandalkan model database internal SMM. Hanya untuk referensi dan tidak menjadi rekomendasi pengambilan keputusan.

Untuk pertanyaan atau informasi lebih lanjut, silakan hubungi: lemonzhao@smm.cn
Untuk informasi lebih lanjut tentang cara mengakses laporan penelitian kami, hubungi:service.en@smm.cn
Berita Terkait
Geopolitical Risks Fluctuate and Rate Hike Expectations Heat Up, Copper Prices Retreat After Rapid Rise [SMM Macro Weekly Review]
4 menit yang lalu
Geopolitical Risks Fluctuate and Rate Hike Expectations Heat Up, Copper Prices Retreat After Rapid Rise [SMM Macro Weekly Review]
Baca Selengkapnya
Geopolitical Risks Fluctuate and Rate Hike Expectations Heat Up, Copper Prices Retreat After Rapid Rise [SMM Macro Weekly Review]
Geopolitical Risks Fluctuate and Rate Hike Expectations Heat Up, Copper Prices Retreat After Rapid Rise [SMM Macro Weekly Review]
4 menit yang lalu
Invoice restrictions limit tax-exclusive supply circulation, price increase limited [SMM Secondary Copper Raw Material Weekly Review]
5 menit yang lalu
Invoice restrictions limit tax-exclusive supply circulation, price increase limited [SMM Secondary Copper Raw Material Weekly Review]
Baca Selengkapnya
Invoice restrictions limit tax-exclusive supply circulation, price increase limited [SMM Secondary Copper Raw Material Weekly Review]
Invoice restrictions limit tax-exclusive supply circulation, price increase limited [SMM Secondary Copper Raw Material Weekly Review]
[SMM Analysis: Invoice Constraints Limit Tax-Exclusive Material Circulation, Capping Price Gains] This week, the price difference between copper cathode and copper scrap widened steadily from 3,141 yuan/mt at the start of the week to a weekly high of 4,626 yuan/mt. The copper scrap market showed an unusual pattern of "falling but not rising" with copper prices—when copper prices rose sharply, raw material prices only edged up (up 300 yuan/mt WoW at the start of the week and up 200 yuan/mt mid-week), while when copper prices retreated from highs, raw material prices followed downward (down 200 yuan/mt WoW at the end of the week, then down another 100 yuan/mt)...
5 menit yang lalu
Harga Tinggi dan Faktur Menimbulkan Kendala Ganda, Penimbunan Stok Pra-Liburan Terhenti [Tinjauan Mingguan Batang Tembaga Sekunder SMM]
7 menit yang lalu
Harga Tinggi dan Faktur Menimbulkan Kendala Ganda, Penimbunan Stok Pra-Liburan Terhenti [Tinjauan Mingguan Batang Tembaga Sekunder SMM]
Baca Selengkapnya
Harga Tinggi dan Faktur Menimbulkan Kendala Ganda, Penimbunan Stok Pra-Liburan Terhenti [Tinjauan Mingguan Batang Tembaga Sekunder SMM]
Harga Tinggi dan Faktur Menimbulkan Kendala Ganda, Penimbunan Stok Pra-Liburan Terhenti [Tinjauan Mingguan Batang Tembaga Sekunder SMM]
[SMM Analysis: Harga Tinggi dan Faktur Menghambat Penimbunan Pra-Liburan] Menurut data SMM, tingkat operasi produsen batang tembaga sekunder berada di 11,99% minggu ini, naik 1,72 poin persentase WoW tetapi turun 6,57 poin persentase YoY. Selisih harga rata-rata antara batang katoda tembaga dan batang tembaga sekunder adalah yuan 2.114/mt, naik yuan 1.348/mt WoW. Selain itu, diskon rata-rata batang tembaga sekunder di Jiangxi terhadap futures tembaga adalah yuan 600/mt, turun yuan 753/mt WoW. Harga tembaga menembus di atas yuan 110.000/mt lagi, terutama didorong oleh kekurangan pasokan spot dan premi yang melebihi yuan 1.000/mt, sementara diskon batang tembaga sekunder terhadap futures pada yuan 400-600/mt terutama disebabkan oleh premi spot yang tinggi. Menurut model laba kotor penjualan batang tembaga sekunder SMM, laba kotor mingguan rata-rata adalah yuan 911/mt, naik yuan 418/mt WoW......
7 menit yang lalu
China issued 2nd batch of copper scrap import quotas for 2020 - Shanghai Metals Market (SMM)