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China Unwrought Copper Exports Surge 4-Fold in August

iconSep 22, 2016 11:41
Source:SMM
China’s exports of unwrought copper including copper alloy jumped to 57,265 tonnes in August, up over 4-fold compared to the same period of last year, China Customs reports.

SHANGHAI, Sep. 22 (SMM) - China’s exports of unwrought copper including copper alloy jumped to 57,265 tonnes in August, up over 4-fold compared to the same period of last year, China Customs reports.

The big growth in copper exports is not a result of deteriorating downstream demand, SMM said. Several large domestic traders and smelters delivered large amounts of goods recently, which contributed to a dramatic increase in LME copper inventories. This explains the sharp growth in exports. 

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