Smaller import quota to tighten China's aluminium scrap supply in Q4

Published: Oct 21, 2019 10:52

Save

Inflow of seaborne aluminium alloy ingots may only limitedly ease domestic tightness of aluminium scrap in Nov-Dec

SHANGHAI, Oct 21 (SMM) – 44,935 mt of aluminium scrap was allowed into the market in the latest batch of approvals for restricted metal scrap imports for 2019, according to the list released by the Solid Waste and Chemical Management Centre on October 17.

The volumes were 83.66% lower than the actual imports of 274,955 mt aluminium scrap in the third quarter, in line with market expectations that Chinese authorities will sharply scale back waste import quotas in the remainder of the year.

The smaller quota will continue to tighten up China’s aluminium scrap market in the fourth quarter, given current low inventories and stable orders at secondary aluminium producers.

Inflow of seaborne aluminium alloy ingots may only limitedly ease domestic tightness of aluminium scrap in November-December.

Market commentary Aluminium scrap Imports

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 for 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

1 hour ago

Data: SHFE, DCE market movement (Sep 09)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 09 Sep , 2026

1 hour ago

3 hours ago

Aluminum Alloy Contract 2611 Rises 0.49%, Bulls and Bears Balance Out

[SMM aluminum alloy flash] The most-traded cast aluminum alloy contract 2611 (AD2611) opened at 23,805 yuan/mt in early trading today. After briefly shooting up to an intraday high of 23,830 yuan/mt right after the open, it quickly pulled back and then consolidated to recover. It closed at 23,745 yuan/mt at midday, up 115 yuan, or 0.49%, from yesterday's settlement of 23,630. Trading activity gradually thinned after heavy volume in early trading. Open interest rose from 18,804 lots to 18,849 lots, a modest increase of 45 lots, with bulls following cautiously. The intraday average price was 23,767 yuan, and the midday close was about 22 yuan below the average price line. Bears held a slight edge, while bulls and bears were broadly balanced overall.

3 hours ago

Domestic prices strengthen while overseas prices remain stable; aluminum alloy import window nears opening [ADC12 Price Daily Review]

[ADC12 Price Daily Review: Domestic Prices Firm While Overseas Prices Stable, Aluminum Alloy Import Window Nears Opening] The industry remains in a pattern primarily driven by costs, supplemented by mild demand recovery. Enterprises' willingness to hold prices firm has increased somewhat, but the room for further price rises still depends on the actual realization of subsequent peak-season demand.

3 hours ago