The China Nonferrous Metals Industry Association's recycling branch (CMRA) is urging shipping firms to pursue carrying aluminium scrap. This has been conveyed on 11th August’20, specifying their concern over the possibilities of dearth for raw material.
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From 1st July’20 onwards, new standards for high-grade aluminium scrap are effective, but the Chinese authorities are yet to deliver detailed guidance on execution.
“Additionally, new solid waste regulations that come into effect in September’20 have also prompted many foreign shippers to stop accepting orders for solid waste for fear of non-redemption”, the CMRA said, citing companies at an industry meeting on 7th August’20.
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The world's biggest container shipping firm A.P. Moller-Maersk last month said: “It would stop accepting solid waste shipments bound for China and Hong Kong from September’20.”
CMRA said: "If the situation continues companies will face serious issues like raw material shortage, production halts and business shutdowns.”
“Furthermore, it will report on the problems to Chinese authorities as soon as possible.”
China has so far permitted 2020 import quotas for 694,769 tonnes of aluminium scrap.
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