Category 6 import restrictions to impact copper scrap supply in Jul

Published: Apr 19, 2019 19:09
SMM assessed the restriction to affect at least 30,000 mt of secondary copper production in Jul

SHANGHAI, Apr 19 (SMM) – Chinese producers will be restricted from importing Category Six copper scrap on July 1 as the Ministry of Ecology and Environment (MEE) recategorised the materials from a non-limited import category into restricted imports that can be used as raw materials, said a speaker at the China Recycled Copper Industry Chain Summit on Friday April 19. 

Details of the policy were covered at the summit, which was held by the China Nonferrous Metals Industry Association in Ningbo of Zhejiang province. 

Licences granted by the China Solid Waste and Chemical Management Centre under MEE will be needed for the import of Category Six copper scrap, and only plants that engage in copper scrap smelting and processing are allowed to file an application. Requests could be rejected for small producers with facilities and equipment below national environmental standards, and this is expected to further tighten the domestic supply of copper scrap. 

Imports of copper scrap around July will be affected as the Solid Waste and Chemical Management Centre only starts to accept applications on July 1. This is expected to impact the production of secondary copper smelters if they fail to obtain alternate raw materials. 

SMM assessed that the restriction will affect at least 30,000 mt of secondary copper production in July, as some 70% of an estimated 100,000 mt/month output of secondary copper depends on seaborne copper scrap. 

It was also reiterated in the meeting that imports of solid waste, including Category Six copper scrap, will be cut to zero by 2020. 

As environmental authorities are mulling the recategorising of some Category Six materials as renewable resources to allow those imports amid the ban on solid waste imports, an official notice is expected to be launched by the end of the year, according to speakers at the summit. 

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
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
10 hours ago
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Read More
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan
10 hours ago
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
10 hours ago
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Read More
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.
10 hours ago
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
10 hours ago
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Read More
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."
10 hours ago