Home / Metal News / Copper / Why China Imports of Unwrought Copper and Copper Semis Drop in January and February? SMM Analyzes
Why China Imports of Unwrought Copper and Copper Semis Drop in January and February? SMM Analyzes
Mar 9,2017 16:10CST
Source:SMM
According to China Customs, imports of China’s unwrought copper and copper semis were 340,000 tonnes in February, down 10.5% MoM and 19% YoY.

SHANGHAI, Mar. 9 (SMM) – According to China Customs, imports of China’s unwrought copper and copper semis were 340,000 tonnes in February, down 10.5% MoM and 19% YoY, and those declined 16% YoY to 720,000 tonnes from January to February.

 

SMM indicated that profitable import window closed from January to February 2017 while it opened in January 2016, reducing imports of unwrought copper and copper semis in the first two months of 2017, on a yearly basis.

 

Most imported copper entered into China’s market after customs clearance at the same period in 2016. But those backlogged in inventory of bonded zone in January and February this year with closure of profitable import window.

According to SMM, copper inventory at Shanghai Bonded Zone increased 125,000 tonnes to 595,000 tonnes from the week ending March 3, 2017 from the level seen in the week ending December 30, 2016.

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

copper prices
copper semis
import&export

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