China allows 209,600 tonnes of additional aluminium scrap import in the ninth batch of quotas, highest since April
China’s Ministry of Ecology and Environment has issued the ninth batch of aluminium scrap import quotas for 2020 on Monday, July 6, according to Shanghai Metals Market report.
The Ministry has confirmed that the ninth batch of quotas would allow 209,660 tonnes of additional high-grade aluminium scrap imports to China, the largest since April. In the seventh and eighth batches of quotas, the authorities had allowed 1,480 tonnes and 5,840 tonnes of additional scrap to enter China.
With the latest expansion, the cumulative quotas for this year have reached 693,659 tonnes, according to Shanghai Metals Market.
China is expanding its aluminium scrap import quotas anticipating the usage of secondary aluminium to replace the primary metal. At China Aluminium Processing Industry Summit 2020, Racket Hu, Vice President of SMM, said early last month that the use of recycled aluminium is likely to gain back its pace.
From late April, China's secondary aluminium casting plants, which increased the use of primary aluminium to a ratio of 20 per cent from earlier 2 per cent, started switching to recycled aluminium as slow domestic demand pulled the prices of secondary alloy (ADC12) lower.
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