China Copper Imports Increase By 8.1% In July Gasping for breadth, Copper has got a new lease of life from Chinese trade figures. Oversupply situation in the markets has taken a back seat as traders are now getting lured at the import figures in Copper. Total Copper unwrought imports increased by 8.1%, as per General Administration of Customs. Remember, inventories of Copper in LME maintained warehouses have swelled by 92% this year. China has smartly acted as a trader of commodities in recent times. Buying at lower levels and dumping the produce at higher levels in warehouses. Most of the metals including Copper are likely to be used more as trading commodities. Real demand is still on the backseat. Copper Imports-China 2013 2012 2011 % Change M-o-M % Change Y-o-Y June 379951 346223 280009 5.9 9.7 July 410680 366548 306626 8.1 12.0
Posted on: Thu, 08 Aug 2013 05:58:46 +0000
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