立即注册,

不到 60 秒您即可继续访问:最新资讯提要分析主题和专题大宗商品视频、播客和博客样本市场价格和数据专题报道订阅用户通知和每日大宗商品电子邮件提醒

已有帐户?

登录以注册

忘记密码

请注意:Platts Market Center 订阅用户只能通过 Platts Market Center 重置密码

请在下面输入您的电子邮件 ID,我们将给您发送一封包含您密码的电子邮件。


  • 电子邮件地址* 请输入电子邮件地址。

如果您是高级订阅用户,出于安全原因,我们无法向您发送您的密码。请联系客服团队

如果您是 Platts Market Center 订阅用户,若要重置密码,请转到 Platts Market Center 重置您的密码。

在此列表中
金属

China's new rules may be altering global scrap metal trade

Platts Forward Curves - [石油]

大宗商品 | 金属 | 有色金属 | 钢材 | Raw Materials

Ferrous & Steel Outlook Asia

天然气

GECF:天然气在减缓气候变化方面“不可或缺”

China's new rules may be altering global scrap metal trade

London — With China shaking up the way the world ships its scrap metal by limiting the amount it will take, concerns have emerged in the market about how the industry's dynamics may have changed for good.

China started to look at bans on imports of waste in July 2017, and from January this year it banned mixed metal scrap imports in a move to promote the conversion of local waste and scrap into recycled materials.

At the start of 2019, China banned imports of lower-grade Category 7 copper and aluminum scrap and, at the start of July, high-grade Category 6 copper scrap was switched to restricted import status, which will require licenses, according to the country's Ministry of Ecology and Environment.

"Scrap sellers around the world are looking for new markets for their material but finding prices paid in other parts of the world are significantly lower than China pays," one senior trader said in an email to S&P Global Platts.

The scrap business now operates on a quota basis, with the Chinese government allocating specific amounts of metal per importer. Once this are used up, there is a wait for the next round of quotas.

According to BMO, China issued a fifth batch (57,000 mt) of Category 6 copper scrap import quotas last week spread across 71 companies, taking total quotas to 541,000 mt, or about 430,000 mt copper-contained, since the new legislation was went into effect July 1.

At the recent Bureau of International Recycling annual conference in Budapest, traders were complaining of dire conditions brought about by the strict, and somewhat perplexing, Chinese rules.

Almost all agreed that the changes implemented globally to counter the new legislation are likely to stay long term.

One scrap trader called current market conditions "awful." He added: "There's no auto industry to speak of. There are small pockets of business, but few and far between."

Others said it was simply the evolution of global trade whereby products need to be recycled closer to the source rather than shipped across the world, deepening the C02 footprint.

Murat Bayram of European Metal Recycling said: "There is no way back. We have seen huge investments in the Western world. We need to fasten our seat belts. Quality, service and reliability are the most important things to focus on to help our industry overcome the turbulence."

-- Ben Kilbey, ben.kilbey@spglobal.com

-- Edited by Bill Montgomery, newsdesk@spglobal.com