China Copper Scrap Imports Fall in July before “Category 7” Scrap Metal Import Ban

Published: Sep 4, 2017 18:39

Save

China imported 287,000 tonnes of copper scrap in July, off 15.45 per cent on a monthly basis, according to China Customs.

SHANGHAI, Sept. 4 (SMM) – China imported 287,000 tonnes of copper scrap in July, off 15.45 per cent on a monthly basis, according to China Customs.

SMM learns that the Ministry of Environmental Protection started one-month crackdowns on environmental damages from processing imported scraps from July 1, and approximately 60 per cent of producers were found illegal. Scrap import licenses of 67 scrap processing enterprises in Guangdong’s Qingyuan were confiscated.

China’s copper scrap imports will likely drop further after its “category 7” scrap metals import prohibition.

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

copper scrap imports copper scrap price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

55 mins ago

Jintian Co., Ltd.: Annual Capacity of Rare Earth Permanent Magnets Has Reached 9,000 mt; High-Precision Free-Cutting Copper Billet Has Been Used in Airborne Structures of Low-Altitude Aircraft

55 mins ago

1 hour ago

Sharp Decline in Copper Prices Prompted Some Downstream Enterprises to Operate at Full Capacity, and Spot Copper Turned to Premiums Across the Board [SMM South China Copper Cathode Spot Weekly Review]

1 hour ago

2 hours ago

The Operating Rate of China's Scrap-derived Copper Anode Producers Declined

[SMM Copper Anode market] Due to the narrowing price difference between copper cathode and scrap, the operating rate of China's scrap-derived copper anode producers declined, with production mainly carried out to fulfill long-term contracts. From March 13 to 19, the operating rate of SMM scrap-derived copper anode plate enterprises was 58.31%, down 0.5 percentage points WoW. As copper prices fell sharply, the operating rate is expected to decline to 54.65% next week.

2 hours ago