2009 June Cu Imports Data Analysis-Shanghai Metals Market

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2009 June Cu Imports Data Analysis

Data Analysis 05:03:57PM Dec 08, 2009 Source:SMM

SHANGHAI, Jul. 24 (SMM) --
Refined Copper:
China's imports of refined copper were 378.9kt during June, up 400% YoY.  YTD imports were 1.78 million mt, up 160% YoY. Copper imports in June reached a new high, due mainly to tightness of domestic scrap copper supply. In addition, significant growth in China's output of copper semis also stimulated market demand for refined copper. However, the SHFE/LME copper price ratio has fallen since June, so refined copper imports will likely fall during July.


Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

2009 June Cu Imports Data Analysis

Data Analysis 05:03:57PM Dec 08, 2009 Source:SMM

SHANGHAI, Jul. 24 (SMM) --
Refined Copper:
China's imports of refined copper were 378.9kt during June, up 400% YoY.  YTD imports were 1.78 million mt, up 160% YoY. Copper imports in June reached a new high, due mainly to tightness of domestic scrap copper supply. In addition, significant growth in China's output of copper semis also stimulated market demand for refined copper. However, the SHFE/LME copper price ratio has fallen since June, so refined copper imports will likely fall during July.


Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn