China issued 6th batch of metals scrap import quotas for 2020

Published: Apr 23, 2020 14:58
China's environmental authorities on Thursday issued the sixth batch of copper, aluminium and ferrous scrap import quotas for 2020.

SHANGHAI, Apr 23 (SMM) – China's environmental authorities on Thursday issued the sixth batch of copper, aluminium and ferrous scrap import quotas for 2020.

 

The China Solid Waste and Chemicals Management Bureau, a unit of the Ministry of Ecology and Environment, granted import allowances for 2,150 mt of high-grade copper scrap to six companies in the latest release, bringing cumulative quotas for this year to 529,761 mt.

 

In the fifth batch for this year, or the initial batch for the second quarter, 222,020 mt of copper scrap import quotas were allocated to over 140 companies.

 

Quotas for aluminium scrap in the latest batch stood at 1,030 mt, compared with 191,100 mt in the fifth batch, and cumulative quotas for this year reached 476,679 mt.

 

For steel scrap, the scrap management bureau issued 1,510 mt of import quotas in the latest batch and the cumulative amount for this year was 11,230 mt.

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
Copper Plate/Sheet and Strip Enterprises Maintained High Production Schedules
31 mins ago
Copper Plate/Sheet and Strip Enterprises Maintained High Production Schedules
Read More
Copper Plate/Sheet and Strip Enterprises Maintained High Production Schedules
Copper Plate/Sheet and Strip Enterprises Maintained High Production Schedules
This week, supported by the downward shift in the center of copper prices, downstream purchasing enthusiasm increased, and copper plate/sheet and strip enterprises maintained high production schedules. Among them, orders for copper strip performed better than those for brass strip. Some enterprises reported a concentrated release of downstream orders, resulting in tight spot copper strip supply and shipment pressure, and some enterprises had already begun to control the volume of orders taken. It was expected that the overall production schedules of copper plate/sheet and strip enterprises would remain ample in March.
31 mins ago
Improving Performance of Industry Orders for Enamelled Wire
37 mins ago
Improving Performance of Industry Orders for Enamelled Wire
Read More
Improving Performance of Industry Orders for Enamelled Wire
Improving Performance of Industry Orders for Enamelled Wire
According to SMM, supported by the pullback in copper prices, industry orders for enamelled wire improved, with the overall pace aligning with peak-season expectations. End-use demand recovered across the board, home appliance orders maintained peak-season performance, demand for power transformers remained steady, demand in the new energy sector gradually improved, and orders in traditional segments such as industrial motors and power tools also performed well. Against expectations of high production schedules among enterprises, the industry's operating rate is expected to continue rebounding to above 90%.
37 mins ago
Low Finished Product Inventories at Copper Enamelled Wire Enterprises
43 mins ago
Low Finished Product Inventories at Copper Enamelled Wire Enterprises
Read More
Low Finished Product Inventories at Copper Enamelled Wire Enterprises
Low Finished Product Inventories at Copper Enamelled Wire Enterprises
According to SMM, this week, a faster pace of downstream cargo pick-up combined with the concentrated release of new orders led to tight spot shipment availability at some copper enamelled wire enterprises, and the industry's days of finished product inventories fell to 7.28 days.
43 mins ago
China issued 6th batch of metals scrap import quotas for 2020 - Shanghai Metals Market (SMM)