China Published Fifth Batch of Quotas for Scrap Import
The above quotas suggest notable increase in import quotas, in comparison with the previous batches.
SEATTLE (Scrap Monster): The Solid Waste & Chemicals Management Centre of the Ministry of Ecology and Environment under the Chinese government announced publication of the fifth batch of scrap import quotas for 2020, reported the Bureau of International Recycling (BIR).
The notification published April 10th allows for imports of 222,020 tonnes of copper scrap, 191,100 tonnes of aluminium scrap, 3,700 tonnes of steel scrap and 1,165,669 tonnes of paper scrap into the country.
The above quotas suggest notable increase in import quotas, in comparison with the previous batches. The fourth batch announced in March this year had permitted imports of 3,520 tonnes of copper, 100 tonnes of aluminium, 170 tonnes of steel and 6,460 tonnes of paper. The third batch announced in February had allowed imports of 4,620 tonnes of copper, 1,440 tonnes of aluminium, 2,670 tonnes of steel and 22,750 tonnes of paper.
ALSO READ: China's Scrap Metal Imports Continue to be Restricted by Quotas
The Chinese government announced that importers of recyclables from the U.S. are eligible to apply for tariff exceptions on imports of the above items. The applicants must fill in and submit the market-based procurement exclusion application in the required format, which in turn will be reviewed by the Customs Tariff Commission of the State Council.
- Panama President Sees No Environmental Threat from Copper at Closed First Quantum Mine
- Consumers Sue Exxon, Dow, Others over Plastic Recycling Claims
- VLS Environmental Solutions Announces Acquisition of Clearfield MMG in Virginia
- December 19, 2024: Scrap Gold and Platinum Prices Dipped, Silver Up on the Index
Scrap Metal Prices
Copper Scrap | ||
Alternator | 0.41 | $US/Lb |
#1 Copper Bare Bright | 4.30 | $US/Lb |
Aluminum Scrap | ||
356 Aluminum Wheels (Clean) | 0.80 | $US/Lb |
6061 Extrusions | 0.70 | $US/Lb |
Steel Scrap | ||
#1 Bundle | 360.00 | $US/MT |
#1 Busheling | 380.00 | $US/MT |
Electronics Scrap |