China's Copper Conc. Imports Continue to Fall in Feb., Rebound Expected in Mar.

SHANGHAI, Apr. 3 (SMM) – China imported 757,700 tonnes of copper concentrate in February, falling by 18.7% on the month.

February’s import volumes were well below H2 2014’s monthly average of 1.07 million mt.

Some sellers slowed deliveries late last year in favor of 2015 shipments. This was reflected as a decline in concentrate imports in January and into February. Chinese New Year also fell in February, resulting in a steeper drop in imports for the month.

SMM expects import numbers to post significantly growth in March as trading activity recovers after the holiday and with term contract shipments arriving.

Import volumes were down 5.9% YoY to 1.69 million tonnes over the first two months this year.  

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