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Chinese Copper Imports Data for 2019

Metal News - Published on Wed, 15 Jan 2020

Image Source: economictimes.indiatimes.com
General Administration of Customs data showed that China’s imports of unwrought copper, including anode, refined and semi-finished copper products into China stood at 527,000 tonnes in December 2019 up 9.1% YoY as compared with 483,000 tonnes in November and up 22.8% from December last year. Full-year unwrought copper imports for 2019 came in at 4.98 million tonnes, down 6% from a record high 5.3 million tonnes in 2018. The annual drop was due to weak import levels in the first half of 2019

Imports of copper concentrate came in at 1.928 million tonnes in December 219, down 10.6% from a record 2.157 million tonnes in November but up 31.8% from December 2018. Imports for the full year rose 11.6% to 21.99 million tonnes, easily beating the previous record of 19.72 million tonnes in 2018 as smelter expansion boosted demand for ore.

Meanwhile, exports of unwrought aluminum stood at 478,000 tonnes in December. That was up 5.8% from the previous month to the highest level since July but down 9.3% from December 2018. Full-year exports came in at 5.73 million tonnes, down 1.2% from the yearly record set in 2018.

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Posted By : Rabi Wangkhem on Wed, 15 Jan 2020
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