General Administration of Customs: China's Cumulative Imports of Unwrought Copper and Copper Semis Decreased 9.8% YoY, January-April

Published: May 9, 2026 17:45

According to the latest data released by the General Administration of Customs on May 9, China's imports of unwrought copper and copper semis in April were 452,300 mt, with cumulative imports from January to April of 1.5672 million mt, down 9.8% YoY; China's imports of copper ore and concentrates in April were 2.3516 million mt, with cumulative imports from January to April of 9.9146 million mt, down 0.8% YoY.

Export side, China's exports of unwrought aluminum and aluminum semis in April were 597,600 mt, with cumulative exports from January to April of 2.0533 million mt, up 8.9% YoY.

Below are the detailed data (unit: 100 million yuan RMB):

Note: "Flash data" refers to preliminary monthly aggregated customs statistics, subject to the official monthly data formed after corrections to original statistical records.
  
  (Wenhua Consolidated)

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

Images in this article contain AI-translated captions for reference only.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Copper Scrap Payability Coefficients Hold Exceptionally Firm as Supply-Demand Mismatch Defies Traditional Market Logic
21 hours ago
Copper Scrap Payability Coefficients Hold Exceptionally Firm as Supply-Demand Mismatch Defies Traditional Market Logic
Read More
Copper Scrap Payability Coefficients Hold Exceptionally Firm as Supply-Demand Mismatch Defies Traditional Market Logic
Copper Scrap Payability Coefficients Hold Exceptionally Firm as Supply-Demand Mismatch Defies Traditional Market Logic
In May, copper prices surged before retracing, yet copper scrap payability coefficients remained exceptionally firm. Transactions for Millberry stabilized at a high level of 98.5%, while No. 2 copper became the market highlight, with its coefficient climbing from around 95% to 96%–97% due to the premium upside of its gold and silver by-products. Driven by stricter domestic policies and tax compliance, China demand remained robust. Conversely, tight overseas scrap supply persisted, and this structural mismatch kept import payability coefficients elevated and sticky for the short term. Under the current landscape of tight global supply and resilient demand, the traditional market logic of "surging copper prices driving down payability coefficients" has effectively become obsolete.
21 hours ago
Copper Cathode Output Down 0.81% MoM in May, Up 2.73% YoY
22 hours ago
Copper Cathode Output Down 0.81% MoM in May, Up 2.73% YoY
Read More
Copper Cathode Output Down 0.81% MoM in May, Up 2.73% YoY
Copper Cathode Output Down 0.81% MoM in May, Up 2.73% YoY
[SMM Copper Cathode Production] Copper cathode production in May came in at 1.1694 million mt, down 0.81% MoM and up 2.73% YoY. Cumulative production from January to May was 5.8761 million mt, up 7.66% YoY cumulatively.
22 hours ago
Copper Cathode Output Dips in May, June Forecast Slightly Lower Amid Ongoing Smelter Maintenance
22 hours ago
Copper Cathode Output Dips in May, June Forecast Slightly Lower Amid Ongoing Smelter Maintenance
Read More
Copper Cathode Output Dips in May, June Forecast Slightly Lower Amid Ongoing Smelter Maintenance
Copper Cathode Output Dips in May, June Forecast Slightly Lower Amid Ongoing Smelter Maintenance
22 hours ago
General Administration of Customs: China's Cumulative Imports of Unwrought Copper and Copper Semis Decreased 9.8% YoY, January-April - Shanghai Metals Market (SMM)