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Metal Scrap Performance in China

South China ( Nanhai,Qingyuan )

East China ( Zhejiang,Shanghai )

Daily Prices
Global News
2021-6-22

Los Alamos National Laboratory is part of a consortium developing a technology to rapidly break down discarded plastic at the molecular level into components that can be used to create other materials, such as nylon. The year-old research and development effort has been dubbed BOTTLE. The program was launched in November. Early research has led to identifying enzymes that can biodegrade plastic noticeably within several days, versus the several hundred years it normally would take for the material to decompose. Now the teams want to accelerate the decomposition, because breaking down the plastic in days is not nearly fast enough, lab scientist Taraka Dale said. “So what we’re shooting for is really observable changes and degradation in a matter of, ideally, hours,” said Dale, who leads the lab’s BOTTLE program. “So that you can, in theory, put this in an industrial process eventually.” The process would be fairly straightforward for users, she said. A vendor would grind up plastic trash and load it with the enzymes into a tank partially filled with water. The enzymes would break down and dissolve the plastic into the liquid. They would then transform the molecules into polymers for higher-grade products, such as carpets and clothing. Dale likened it to dismantling a brick house, and instead of simply reusing the bricks, you turn them into boards for a different purpose. The company could sell the raw material to a manufacturer, Dale said. This conversion of throwaway items and scraps into higher-quality goods, such as fabrics, would be “upcycling,” she said.

Market Wire
2024-11-18

The cancellation of export tax rebates for aluminum products in China led to a situation in which aluminum is strong outside and weak inside, and aluminum ingots fell moderately. Copper didn’t change much, and traders purchased on demand. Zinc ingots fell moderately. Stainless steel prices fell.

Eyes on China
2023-9-20

On September 19, Cui Dongshu of the China Passenger Car Association issued a document saying that domestic sales of commercial vehicles from January to August this year reached 1.88 million units due to a low base, a year-on-year increase of 3%, of which commercial vehicle sales in August were 240,000 units, down 17% YoY. From January to August this year, new energy commercial vehicle sales accounted for 8.4% of total commercial vehicle sales, achieving acceptable growth compared to last year. New energy sales accounted for 12.9% of the total in August, an increase of 4 percentage points compared to last year’s 8.9%, indicating a relatively strong performance.

Market Futures Prices & Performances
2020-11-13

Nov 13(LTIT) –Recently, SHFE aluminum has continuously strengthened, with the futures price standing firm at 15,000-line, and the aluminum price has stepped up. Today, the main contract of SHFE aluminum hit a high of 15,565 yuan/ton, hitting a new high in two years. The strong fluctuation of aluminum price is mainly due to the continuous decline of domestic aluminum inventory driven by the strong demand of downstream terminals. At present, domestic aluminum inventory is in a low position. On the whole, the inventory is low and the consumption is stable, which is basically strong. In addition, before delivery, the price of aluminum is stimulated to hit a new high because of the long soft squeeze and fund speculation.

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