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Upside down scrap prices.

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  1. #1
    blackgold12 started this thread.
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    Upside down scrap prices.

    The immediate impact is evident - low prices locally as inventory's pile up but once the industrial machine reaches capacity these stockpiled inventories will dwindle in size creating a demand where price will again rise.

    Those with the capital and space to hoard will reap the benefits.


    Announcement on Adjustment to the Catalogue for the Administration of Import Solid Waste



    Announcement No. 6 in 2018 In order to further regulate the administration of importation of solid waste and prevent environment pollution, in accordance with the Law of the Peopleís Republic of China on the Prevention and Control of

    Environmental Pollution by Solid Waste, the Measures for the Administration of Importation of Solid Waste, and other applicable laws and regulations, Ministry of Ecology and Environment, Ministry of Commerce, National Development and Reform Commission, and General Administration of Customs shall make the following adjustment to the current Catalogue of
    Solid Waste Used as Raw Materials under Restricted Import, Catalogue of Solid Waste Used as Raw Materials under Non-Restricted Import, and Catalogue of Banned Import Solid Waste:




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    Patriot76's Avatar
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    Within a year of admitting the flaw with their ghost cities, the machine in China took a U-turn. I am sure the big scrap dealers planned for the downturn, it was those that do not comprehend the world market that were caught off guard. Still stockpiling. My age and the return of a strong market might be a tight race.
    Give back more to this world than we take.

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