Home / Metal News / Precious Metals / China’s Copper Product Import May Grow in January - SMM
China’s Copper Product Import May Grow in January - SMM
Jan 27,2015 17:12CST
industry news
Source:SMM
China’s imports of unwrought copper and copper semis remained stable at 420,000 tonnes in December 2014. SMM expects the import volume to resume its climb in the first month of 2015.

SHANGHAI, Jan. 27 (SMM) – China’s imports of unwrought copper and copper semis were 420,000 tonnes in December last year, flat at November’s numbers, Customs stated. SMM expects the import volume to resume its climb in the first month of 2015.

Inbound shipments of copper products held high in December due partly to the improving SHFE/LME copper price ratio which incentivized copper importation.

Moreover, shipments picked up at year’s end with buyers rushing to meet annual targets and copper prices falling continuously since late November.

Copper product imports will rise again in January 2015 as buyers look to capitalize on the fall in prices from late December and the rising SHFE/LME copper price ratio.

Imports for the whole of 2014 were 4.83 million tonnes, up 7.4% YoY, pointing to ongoing growth in copper demand despite a curb on finance-driven trades. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

China copper imports

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news