Tight supplies drive up tax on imports of aluminium scrap-Shanghai Metals Market

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Tight supplies drive up tax on imports of aluminium scrap

Price Review & Forecast 04:02:25PM Apr 10, 2018 Source:SMM

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. 

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn 

Key Words:  aluminium scrap 

Tight supplies drive up tax on imports of aluminium scrap

Price Review & Forecast 04:02:25PM Apr 10, 2018 Source:SMM

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. 

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn 

Key Words:  aluminium scrap