Some 19,100 mt of copper scrap imports approved in 25th batch-Shanghai Metals Market

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Some 19,100 mt of copper scrap imports approved in 25th batch

Industry News 03:07:33PM Dec 04, 2018 Source:SMM

SHANGHAI, Dec 4 (SMM) – Some 19,100 mt of copper scrap, across seven companies, received the green light in the 25th batch of approvals for restricted solid scrap imports, according to the release by the solid waste management centre of China's Ministry of Ecology and Environment (MEE) on Tuesday December 4.  

The 25th batch of approvals brought total approved copper scrap imports this year to 999,700 mt, down some 66.7% from the volumes approved in 11 batches last year. Some 32,816 mt of copper scrap was allowed for import in the 24th batch of approvals on November 14. 
 
The seven companies that received approvals are located in Guangdong province, with four in Zhaoqing city accounting for 63% of the approved copper scrap imports.  

China will ban the import of Category Seven copper by the end of this year.

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#1 Refined Cu
Apr.22
49450.0
20.0
(0.04%)
Yangshan Copper Premium(Bill of Lading)
Apr.22
51.5
0.0
(0.00%)
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Apr.22
50.5
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Apr.19
67.0
-1.5
(-2.19%)
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Mar.29
73.5
-6.0
(-7.55%)

Some 19,100 mt of copper scrap imports approved in 25th batch

Industry News 03:07:33PM Dec 04, 2018 Source:SMM

SHANGHAI, Dec 4 (SMM) – Some 19,100 mt of copper scrap, across seven companies, received the green light in the 25th batch of approvals for restricted solid scrap imports, according to the release by the solid waste management centre of China's Ministry of Ecology and Environment (MEE) on Tuesday December 4.  

The 25th batch of approvals brought total approved copper scrap imports this year to 999,700 mt, down some 66.7% from the volumes approved in 11 batches last year. Some 32,816 mt of copper scrap was allowed for import in the 24th batch of approvals on November 14. 
 
The seven companies that received approvals are located in Guangdong province, with four in Zhaoqing city accounting for 63% of the approved copper scrap imports.  

China will ban the import of Category Seven copper by the end of this year.