China Declares Fresh Import Quota for Copper, Aluminum and Ferrous Scrap

The extra quota for copper scrap totalled 31,658 metric tonnes, whereas that of aluminium scrap totalled 32,940 metric tonnes.

SEATTLE (Scrap Monster): The Chinese Environment Ministry Agency has declared new scrap metal import quotas. The additional quotas issued by the China Solid Waste and Chemicals Management are for the fourth quarter of 2019.

The agency approved nearly 70,000 metric tonnes of scrap metal arrivals covering copper, aluminium and ferrous scraps. The extra quota for copper scrap totalled 31,658 metric tonnes, whereas that of aluminium scrap totalled 32,940 metric tonnes. The quota for ferrous scrap totalled 1,770 metric tonnes. This makes the grand total of quotas approved till date for copper, aluminium and ferrous scrap at 484,217 metric tonnes, 405,416 metric tonnes and 22,688 metric tonnes respectively.

RELATED: China to Issue Scrap Import Licenses by End-June, Earlier Than Expected by Industry

The copper scrap import quota for Q4 this year is marginally lower when compared with the actual imports during Q3 last year. On the contrary, aluminium scrap quota is higher from third quarter of 2018.

The quota for copper scrap pertains to delivery to Ningbo, Shanghai, Xiamen, Nanhai, Nansha and Xinhui ports, whereas the aluminium scrap quota is for imports by Ningbo, Nanhai and Nansha ports.

Prior to this, the Chinese administration had announced scrap metal quotas in the months of June, July and August this year.

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