China’s Imports Of Copper Cathode Estimated At 250,000 Mt In April

SHANGHAI, May 16 (SMM) - Affected by European and US banking crisis, SHFE copper prices fell sharply in mid-March. The import window opened briefly. Some local governments granted certain subsidies to imported copper. As such, SMM estimates China’s copper cathode imports to rise 4% month-on-month in April. However, copper cathode imports may fall 7% year-on-year.