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Home / Metal News / Tight supplies drive up tax on imports of aluminium scrap

Tight supplies drive up tax on imports of aluminium scrap

iconApr 10, 2018 16:02
Source:SMM
Taxes on unauthorised invoices for aluminium scrap rose to 12% after the Qingming Festival as China's tariffs on aluminium scrap imports from the US weighed on supplies

SHANGHAI, Apr 10 (SMM) – Taxes on unauthorised invoices for aluminium scrap rose to 12% after the Qingming Festival as China's tariffs on aluminium scrap imports from the US weighed on supplies, SMM learned. 

Before the holiday, the tax rate stood around 10-11%. With higher tax rates, prices of aluminium scrap jumped and the impact cascaded down to low-end secondary aluminium alloy ingots ADC12. 

 

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

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