CHINA STILL WANTS METAL SCRAP – BUT WANTS TO KEEP PRICES BELOW CURRENT INTERNATIONAL RATES
September 1st, 2011
BY MARK GODFREY
THOUGH it remains the world's key manufacturing powerhouse, gobbling up raw materials, China's demand for imported metals scrap is currently slack. There are several reasons for the conundrum say local and international scrap players, among them exchange rate volatility and weak Chinese prices for scrap. Government policy and a growing domestic supply are also factors.
Scrap traders complain that Chinese prices are weaker than international (London Metal Exchange) rates. Ron Lin at All Access Industrial Co, a Taiwanese-owned firm importing nickel ...
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