The change came after Chinese producers of aluminium ADC12 were allowed to import qualified aluminium scrap based on a new customs code that came into effect on November 1
“We stored some volumes of standard-compliant aluminium scrap in our Hong Kong [premises] earlier, and started importing into the mainland market once the new code took effect,” one aluminium ADC12 exporter said. “The cargoes have already arrived at our factory.”
Several market participants noted that the domestic aluminium scrap price stopped climbing on Tuesday, holding steady around 13,500 yuan ($2,020) per tonne.
The aluminium scrap...