Home / Metal News /  / China Scrap Copper Imports Fall 16.39% in Jan. Sharp Decline Expected in Feb.
China Scrap Copper Imports Fall 16.39% in Jan. Sharp Decline Expected in Feb.
Mar 9,2015 18:54CST
industry news
Source:SMM
China imported 306,500 tonnes of scrap copper in January, down 60,000 tonnes, or 16.39%, on the month and 4.54% year-on-year, Customs data show.

SHANGHAI, Mar. 9 (SMM) – China imported 306,500 tonnes of scrap copper in January, down 60,000 tonnes, or 16.39%, on the month and 4.54% year-on-year, Customs data show.

China scrap copper imports have declined every January since 2003.

Despite the relatively high SHFE/LME copper prices ratio this January, falling copper prices left traders reluctant to import scrap copper. This was compounded by the Chinese New Year holiday, weakening scrap demand, tight liquidity, and concerns over a post-holiday price decline, each of which stoked caution among Chinese traders.

Some importers cut purchase volumes out of fears that they might not be able to renew import permits from environmental protection authorities this year.

SMM expects a sharp fall in February scrap copper imports due to Chinese New Year.

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

China scrap 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