China Aluminum Scrap Imports Hit by Intensified Customs Checks, SMM Reports-Shanghai Metals Market

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China Aluminum Scrap Imports Hit by Intensified Customs Checks, SMM Reports

SMM Insight 04:08:03PM Jun 13, 2017 Source:SMM

SHANGHAI, Jun. 13 (SMM) – China Customs has intensified checks on scrap imports this year, leading to a significant increase in the number of containers being rejected, SMM learned.

In particular, overseas traders are less willing to export recently, and demand from China has weakened as well. 

China Aluminum Inventory Growth to Accelerate, SMM Says

Some Chinese secondary aluminum producers that rely on imported aluminum scrap are seeking domestic raw materials as an alternative, SMM survey found.  

Chalco Cuts Aluminum Prices in Major Markets for Three Consecutive Days on June 14

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

Price

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Aluminum Ingot
Oct.14
13800.0
-170.0
(-1.22%)
Aluminum Ingot - Fo Shan
Oct.14
13800.0
-170.0
(-1.22%)
Aluminum Ingot - Wu Xi
Oct.14
13790.0
-180.0
(-1.29%)
Aluminum Ingot - Hang Zhou
Oct.14
13810.0
-170.0
(-1.22%)
Aluminum Ingot - Chong Qing
Oct.14
13770.0
-200.0
(-1.43%)

China Aluminum Scrap Imports Hit by Intensified Customs Checks, SMM Reports

SMM Insight 04:08:03PM Jun 13, 2017 Source:SMM

SHANGHAI, Jun. 13 (SMM) – China Customs has intensified checks on scrap imports this year, leading to a significant increase in the number of containers being rejected, SMM learned.

In particular, overseas traders are less willing to export recently, and demand from China has weakened as well. 

China Aluminum Inventory Growth to Accelerate, SMM Says

Some Chinese secondary aluminum producers that rely on imported aluminum scrap are seeking domestic raw materials as an alternative, SMM survey found.  

Chalco Cuts Aluminum Prices in Major Markets for Three Consecutive Days on June 14

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.