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Copper Imports into China surge in November

Metal News - Published on Mon, 09 Dec 2019

Image Source: Copper Import
General Administration of Customs data showed that China’s copper imports, including anode, refined and semi-finished copper products, rose 12.1% in November to 483,000 tonnes, highest since September 2018, up from 431,000 tonnes in October, and 5.9% higher than 456,000 in November 2018. For the first 11 months of 2019, imports of unwrought copper were down 8.5% from a year earlier at 4.45 million tonnes. The higher monthly number comes as factory activity in China improved unexpectedly in the manufacturing sector in November, as demand rose on stimulus measures to steady growth.

China’s overall copper imports during the fourth quarter are expected to rise, especially amid low inventory levels and as such the fourth quarter is the traditional consumer season for household appliances and property production

November imports of copper concentrate came in at 2.157 million tonnes, up 12.7% from 1.914 million tonnes in October and up 27% on year. Copper concentrate imports for January-November stood at 20.11 million tonnes, up 10.2% YoY.

Source :

Posted By : Arun Huidrom on Mon, 09 Dec 2019
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