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01 JANUARY 2020 AL CIRCLE

China’s aluminium scrap imports from US extend decline in September by 26.03% M-o-M

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

China’s aluminium scrap imports from the US have been declining over the past few months this year and September was of no exception, as found by the United States Geological Survey. According to the survey data, China in September imported 19,600 tonnes, down by 26.03 per cent from 26,500 tonnes in August. In July, China’s import volume from the US was 31,300 tonnes, which represents the fact that the import in August inched down by 15.33 per cent. In July, the import volume decreased by 1.57 per cent from 31,800 tonnes in June.

China's aluminium scrap imports from US

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In total, China’s aluminium scrap imports from the US during June-September amounted to 109,200 tonnes, while that in the total nine months amounted to 300,000 tonnes.  

Year-on-year, China’s aluminium scrap imports from the United States in September 2019 was down by 23.73 per cent, as the import volume during the same period last year was 25,700 tonnes. The total import volume in the nine months of 2019 was also down from the corresponding period of the previous year by 24.05 per cent from 395,000 tonnes.

After China, Mexico was the next leading importer of aluminium scrap from the US in September 2019, securing 16,300 tonnes, up from 15,700 tonnes in August and 15,100 tonnes from September 2018.

China’s total aluminium imports in September 2019 also decreased from 165,000 tonnes in August and 141,000 tonnes in September 2018 to 155,000 tonnes, meaning the import amount reduced 6.06 per cent month-on-month and 9.92 per cent year-on-year.

To resist this incessant fall in imports, China’s environmental authorities issued the first batch of aluminium scrap quotas for 2020, permitting new buying and allowing some companies with cargoes left in limbo to claim shipments to domestic markets. In total, 50 more companies have received the new quotas.

Also, the China Solid Waste and Chemicals Management Bureau allowed 275,465 tonnes of high-grade aluminium scrap imports, quadrupled from the cumulative quotas 68,549 tonnes in Q4 2019.


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EDITED BY : DEBANJALI SENGUPTA 2MINS READ

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