Countries fight "Defense War" High Wall to beware of Commodity transfer to China-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Zinc
  • Copper
  • Aluminium
  • Market commentary
  • nickel laterite
  • hydrogenation stations
  • Production data
  • Nickel ore
  • Futures movement
  • Nickel
  • Macroeconomics
  • In the United States
  • Tin

Countries fight "Defense War" High Wall to beware of Commodity transfer to China

Translation 04:38:24PM Aug 14, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM8 14: Trump provoked a trade domino effect is spreading to many countries around the world, and governments have also played a very vigilant, seems to start a round of "defense war" trend.

In mid-July, it was reported that Vietnam had begun to restrict the import of waste because of the heavy hoarding of goods at the port. It is reported that Vietnam will stop issuing new waste import licenses and crack down on illegal transport because of the accumulation of paper, plastic and metal waste in the country's ports, raising government concerns about the environment.

Since the Chinese government began banning some solid waste imports at the beginning of this year, waste imports from Vietnam and other Southeast Asian countries have increased significantly, according to the Vietnamese Ministry of Natural Resources and Environment. The surge in waste imports has led to congestion in several Vietnamese ports and about 6000 containers are currently located at entry points at ports that need to be disposed of, the department said in a statement. However, the Ministry did not disclose how much waste and waste Vietnam imported in the first half of 2018. In a statement, the Vietnamese government also stressed the need for the authorities to "prevent Viet Nam from becoming a market for waste dumping, affecting the environment and the lives of the people in the country."

After China imposed high tariffs on scrap metal imported from the United States, the Indian government is also concerned that the United States scrap metal could be transferred to countries such as India.

(Hindalco), one of India's largest aluminium producers, recently urged the Indian government to limit imports of low-cost semi-finished products, wires, scrap steel, scrap aluminum and other scrap metals. Because the company is worried about the rising share of imports in India's domestic market.

"We have applied to the government for quantitative restrictions on imports in the near future," said Satish Pai, management director and chief executive of (Hindalco), an Indian aluminum company. In his view, the government should eventually adopt tariff safeguards, but before that, it should limit the amount of metal imported. He added that although profits from aluminium producers doubled in the first half of the year, driven by Indian manufacturing and government infrastructure maintenance, But imports of aluminium have increased by 20 per cent as a result of the influx of low-cost counterfeit semi-finished goods and wires from Nanyang, particularly Malaysia. Indian aluminium imports account for more than 50 per cent of total market imports, according to a conference call in may. This has aroused the concern and concern of domestic manufacturers.

As the trade war continues to escalate, producers in China and the Middle East are likely to transfer excess metals to the Indian market. As a result, the Indian government plans to decide how to restrict imports of aluminium based on imports over the past three years. Indian aluminium producers are also working with the government to ensure a specific grade and quality of imported aluminium, Pai said.

(note: if copyright issues are involved, please contact SMM and we will deal with them in a timely manner.)

Countries fight "Defense War" High Wall to beware of Commodity transfer to China

Translation 04:38:24PM Aug 14, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM8 14: Trump provoked a trade domino effect is spreading to many countries around the world, and governments have also played a very vigilant, seems to start a round of "defense war" trend.

In mid-July, it was reported that Vietnam had begun to restrict the import of waste because of the heavy hoarding of goods at the port. It is reported that Vietnam will stop issuing new waste import licenses and crack down on illegal transport because of the accumulation of paper, plastic and metal waste in the country's ports, raising government concerns about the environment.

Since the Chinese government began banning some solid waste imports at the beginning of this year, waste imports from Vietnam and other Southeast Asian countries have increased significantly, according to the Vietnamese Ministry of Natural Resources and Environment. The surge in waste imports has led to congestion in several Vietnamese ports and about 6000 containers are currently located at entry points at ports that need to be disposed of, the department said in a statement. However, the Ministry did not disclose how much waste and waste Vietnam imported in the first half of 2018. In a statement, the Vietnamese government also stressed the need for the authorities to "prevent Viet Nam from becoming a market for waste dumping, affecting the environment and the lives of the people in the country."

After China imposed high tariffs on scrap metal imported from the United States, the Indian government is also concerned that the United States scrap metal could be transferred to countries such as India.

(Hindalco), one of India's largest aluminium producers, recently urged the Indian government to limit imports of low-cost semi-finished products, wires, scrap steel, scrap aluminum and other scrap metals. Because the company is worried about the rising share of imports in India's domestic market.

"We have applied to the government for quantitative restrictions on imports in the near future," said Satish Pai, management director and chief executive of (Hindalco), an Indian aluminum company. In his view, the government should eventually adopt tariff safeguards, but before that, it should limit the amount of metal imported. He added that although profits from aluminium producers doubled in the first half of the year, driven by Indian manufacturing and government infrastructure maintenance, But imports of aluminium have increased by 20 per cent as a result of the influx of low-cost counterfeit semi-finished goods and wires from Nanyang, particularly Malaysia. Indian aluminium imports account for more than 50 per cent of total market imports, according to a conference call in may. This has aroused the concern and concern of domestic manufacturers.

As the trade war continues to escalate, producers in China and the Middle East are likely to transfer excess metals to the Indian market. As a result, the Indian government plans to decide how to restrict imports of aluminium based on imports over the past three years. Indian aluminium producers are also working with the government to ensure a specific grade and quality of imported aluminium, Pai said.

(note: if copyright issues are involved, please contact SMM and we will deal with them in a timely manner.)