More uncertainty hits the global RCP markets as CCIC North America suspends issuing export certificates for scrap materials for one month.
Chinese inspection authority in North America, CCIC North America (CCIC NA), has announced that on 4 May 2018 it stopped processing application and issuing of certificates for pre-shipment inspections of scrap materials to China for one month. In a letter to stakeholders, CCIC NA wrote that certificates issued by CCIC NA prior to 3 May, inclusive, could still be used for port declaration.
In the period from 4 May to 4 June, Chinese port authorities will empty “each and every container of scrap material originated from the USA to complete destination inspection and quarantine.” Certain papers found in bales, e.g. specialty papers that are hard to identify, will be sent to the laboratory for a test analysis, CCIC NA says.
According to experts talking to EUWID, this announcement caused panic among stakeholders. First and foremost companies fear there might be massive rejections.
Chinese paper mills furthermore think it will be even harder for them to fulfill their quotas, so quotas issued for the next quarter might be reduced. Experts also expect this latest measure to have a huge impact on the global price structure of exported RCP.
Find the entire article and any associated background information in EUWID Pulp and Paper no. 19 issued on 9 May.
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