China aluminium scrap imports fell 40.4% in October

SHANGHAI, Dec 23 (SMM) – China imported 47,000 mt of aluminium scrap in October, down 40.4% on the month, and down 21.5% on the year, and imports totalled 680,000 mt in the first ten months of 2020, down 48% from the same period last year, the latest customs data showed. 

Overall approved aluminium scrap imports in the 1st-13th batches this year amounted to 819,000 mt. The rest of approvals from Q1 to Q4 stood at 139,000 mt. According to the actual import, apart from the remaining 139,000 mt of approvals, a small amount of aluminium scrap has entered China with the new tariff in early November. If the approvals are fully used, it is estimated that the import of aluminium scrap in November and December will stand at about 150,000 mt, with an average monthly import of 75,000 mt.