The Chinese government issued a new scrap metal import quota that approved about 70,000 metric tons of copper, aluminum and ferrous scrap arrivals for the remainder of 2019. According to a report from Argus Media, the additional quotas issued by China Solid Waste and Chemicals Management are for a combined 66,368 metric tons of copper, aluminum and ferrous scrap for delivery to ports in south and southeast China.
The extra quota for copper scrap—under harmonized tariff code 7404000090—is 31,658 metric tons. The quota for aluminum scrap—under tariff code 7602000090—is 32,940 metric tons, and the quota for ferrous scrap is 1,770 metric tons, Argus Media reports. The copper scrap quota is for delivery to China’s Ningbo, Shanghai, Xiamen, Nanhai, Nansha and Xinhui ports, while the aluminum scrap quota is for China’s Ningbo, Nanhai and Nansha ports.
Argus Media reports that the total of all copper scrap import quotas approved to date this year is 484,217 metric tons, with aluminum at 405,416 metric tons and ferrous at 22,688 metric tons.
The import quota for copper scrap is below the volume imported in the third quarter of 2018, but aluminum scrap quota is above the third-quarter figure from 2018, Argus Media reports. China imported 624,276 metric tons of copper scrap and 349,510 metric tons of aluminum scrap from July to September 2018, according to customs data.