• China's unwanted copper scrap diverted to Asia, Europe at

    Jun 29, 2021 · China's unwanted copper scrap diverted to Asia, Europe at high discount. No2 copper scrap cargoes have been sold to Asia and Europe at large discounts recently over concerns of the cargoes not meeting new Chinese customs criteria for recyclable material, industry sources told Fastmarkets. Theoretically, the birch/cliff cargoes, containing

  • Copper scrap deficit weighs on China’s red metals sector

    Oct 18, 2018 · Copper producers, sellers and buyers in Asia, continues Home, are still in the process of “adapting to a combination of smelter outages and changing scrap dynamics.” He continues, “China’s new restrictions on the purity of copper scrap imports caused a drop in the flow of material from the rest of the world, [and] the effect was

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    Jul 09, 2020 · China started to look at bans on imports of waste in July 2017, as quantities of local arisings increased, and to encourage local scrap processing. In 2019, it banned imports of lower-grade copper and aluminum scrap and mixed-metal scrap and introduced an import quota and license system for higher grade metal scrap.

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    Sep 11, 2020 · China, the world's top metals consumer, brought in 1.49 million tonnes of copper scrap in 2019, Wang Jiwei, deputy president of CMRA, said at the China International Copper Forum.

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    May 20, 2020 · The issuance of a new batch of scrap import quotas in mid-May by the People’s Republic of China tells part of the story taking place in that nation’s basic materials and manufacturing sectors.. Producers of aluminum, copper and paper in China all have reportedly been lobbying the Chinese government to improve access to overseas scrap materials.

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  • The impact of China's import ban on global copper scrap

    Copper is widely used in electronic appliances, transportation equipment, industrial equipment, organic chemistry, medicine, alloys, etc. China is the largest consumer and importer of refined copper. Yet China relies heavily on imports and secondary use of scrap copper resources to meet its demand for copper ∼60% of its copper is imported.

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  • US copper, brass scrap prices mixed mart eyes China

    Nov 19, 2020 · China's copper scrap imports went from 3.6 million tonnes in 2017 to 1.5 million tonnes in 2019. The seller pointed out that “China needs a lot of No2 copper scrap, but if they don't allow the material to come in, they will have to pay extra for other scrap grades.”

  • China copper scrap discount deepens with buyers wary of

    Jul 27, 2020 · “Although offer prices of copper scrap are lower now, we are not at [the level of] the spot market,” a copper scrap consumer source said. Fastmarkets assessed the price of copper scrap No2 copper (birch/cliff), imported into China, 94-96%, LME/Comex discount, cif China, at 28-33 cents per lb on Monday July 27, compared with 23-24.5 cents per lb on

  • China Standards, Electrification Are Among Scrap News

    May 05, 2021 · The lack of No. 2 scrap copper and honey brass that can meet China’s quality standards are likely driving high demand for copper scrap. Fischer notes suppliers in Latin America, the U.K., and even in the U.S. can’t consistently meet the new standards due to paint or wire in the scrap. “Discounts for No. 1 copper have tightened,” he says.

  • China’s nonferrous scrap specifications gaining clarity

    Jan 20, 2020 · China’s State Administration for Market Regulation has reportedly published purity standards for red metal and aluminum scrap that can be imported under a “raw materials” rather than a “waste” classification.. Reports by Reuters and other news organizations indicate bare bright copper wire will have to meet a 99.9 percent purity to rate while scrap classified as No. 3 copper by the

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  • Need Junk? Scrap-Metal Dealers Hunting Users After China

    In early May, China implemented a 30-day ban on all scrap-copper imports, part of wider limits on all sorts of imported waste like paper, plastic and scuttled ships.

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