Chinese Copper imports rise sharply during the first half of 2016

CHINA July 22 2016 5:27 PM

LONDON (Scrap Register): China records strong copper imports in the first half of 2016. the imports are estimated to have reached a total 4,671kt which is a rise of 22 percent year-on-year. The country imported 3,837kt copper in the first half of 2015.

China records strong copper imports in H1 2016; copper consumption to rise for another year. Refined copper net imports rose in June and imports of scrap remained flat and concentrate imports dropped modestly. 

Net imports of refined copper in June rose 12 percent sequentially to 263kt. The increase in net imports in June from May’s total of 234kt was marketed by a drop in both exports and import, with the drop in exports outweighing that of the imports. The net imports of refined copper rose 9 percent year-on-year.