The Sino-U.S. trade war, which has continued for a long time and has intensified, finally ushered in a favorable response after the Sino-U.S. announcement of a settlement on May 20. Subsequently, everyone’s eagerly awaited 'Abolished ban on the United States' has finally ushered in a major turnaround.
The US waste that was supposed to be lifted after June 4th was lifted ahead of schedule on May 22nd. The market for renewable waste products was enthusiastic and sentiment was rising!
General Administration of Customs: Starting today, we will implement early-warning of risk monitoring for imported US waste materials by 100% strict inspection, CCIC·A early warning, and strengthen the document review!
On the morning of May 22, a special emergency red head document issued by the General Administration of Customs, “Notice of Inspection and Supervision Department of the General Administration of Customs on Doing Pre-shipment Inspection of Imported U.S. Waste Materials” quickly spread throughout the industry, and looked forward to more than 20 days. The 'Limit U.S. Waste' policy has finally ushered in a major turnaround!
On May 22, the General Administration of Customs of China issued an urgent red tape ☟
The document states that, in order to ensure the normal development of the import of waste raw materials, according to the application of China National Inspection & Certification (Group) Co., Ltd., it was decided by the study that the pre-shipment inspections of the North American company during the risk warning period are as follows:
From now on until June 4, 2018, the pre-shipment inspection of waste raw materials exported from the United States to China is temporarily undertaken by China Inspection & Certification Group Canada Limited.
For the pre-shipment inspection certificates issued by Canadian companies during this period, the Customs at all ports can accept customs declarations and the port inspection and control policies will not change.
Prior to this, the General Administration of Customs issued a notice on the implementation of risk early warning and supervision measures for waste raw materials in the United States issued by the General Administration of Customs on May 2:
First, starting May 4, 2018, 100% of the raw materials for waste from the United States will be unpacked and 100% will be checked and quarantined.
Second, China Accreditation Group North America Co., Ltd. has implemented Class A risk warning measures for one month (May 4th to June 4th, 2018). During this period, the company no longer undertakes pre-shipment inspection of imported waste materials. Suspended its use of China's imported waste material pre-shipment inspection information management system (PSI).
The policy adjustments have had a dramatic impact on the renewable waste market. The release of new documents means that China Customs has begun to ease restrictions on the import of waste.
It has been shipped to US and American wastes that did not receive the pre-inspection certificate before May 4. From May 22nd onwards, it can be transferred to Canada CCIC for certification. It is expected that it can be sent to Chinese ports soon.
At the same time, the U.S. waste market will resume trading soon. According to market sources, there are factories that have started to make inquiries in the United States. On the date of the document release (May 22), the market price of U.S. scrap was not very high.
'This incident was an emergency event. We have not offered a quotation today. We have not reported a price since May 4th. The quotation needs further consideration. It will not be easy to say whether the price will rise, but there is already a domestic market today. The factory began to inquire. '
However, before 100% unpacking and 100% picking-up inspections led to increased customs work at the time of customs clearance, the port had a large amount of waste, occupying more space, and also had a certain impact on the clearance of other cargoes in the port.
Last week, after the signal of the relaxation of the trade war between China and the United States was released, there were already feedback from market participants. The speed of the US spent and customs clearance has increased. It is expected that this will be further improved after that.
At 6 o'clock on the morning of May 22, the Customs launched a campaign to crack down on smuggling of 'foreign garbage' and resolutely curbed the use of other people's permits to smuggle imported solid waste.
The basic strategy of the Chinese government to resist 'foreign garbage' remains unchanged. Therefore, in the long run, the gradual reduction of imported waste plastics will be the trend. The proportion of domestic recycled plastics will continue to increase.
This year is an important year for the secondary adjustment of imported waste plastics policy. It will face enormous challenges in terms of raw material supply and cost. Please respond in advance!