China’s imports of copper anode expand 19.7% in Apr

Mainstream refining charges (RCs) of domestic blister copper stood at 1,400-1,550 yuan/mt in November, delivery to factory, an average increase of 25 yuan/mt amid positive demand. RCs of imported blister copper stood at $150-165/mt, up $15/mt on average. RCs for blister copper cif rose further as China Customs has levied value-added tax on gold in imported plate-shaped copper anode since October which dampened interest in such products greatly, and blister copper inventories at domestic smelters were abundant.

SHFE nonferrous metals fell across the board on Thursday September 10, extending decreases from the prior day.

Shanghai base metals traded lower for the most part on Thursday morning as the dollar held onto overnight gains, while their counterparts on the LME rose for the most part as investors await US jobless claims data set to release today.  

SHFE nonferrous metals rose for the most part on Tuesday September 1 as manufacturing demand and supply continued to recover, and overseas demand started to pick up.

SHFE nonferrous metals closed mixed on Monday August 31.

Shanghai base metals broadly rose on Monday morning as China’s manufacturing activity expanded in August.

SHFE nonferrous metals rose for the most part on Tuesday August 4, following upbeat economic data from the US and Europe.

SHFE nonferrous metals fell for the most part on Friday July 31, but zinc ended 1.8% higher following after a broad rally in the early morning as official purchasing managers' index (PMI) data showed that China’s economy continued its strong recovery in July.

SHFE nonferrous metals, except for copper and tin, rose on Thursday July 30, following after they opened higher today. Investors digested the latest monetary policy decision from the US Federal Reserve and continued to follow a spike in COVID-19 cases.

Copper inventories in three major consumption areas in China extended their increases last week, albeit at a slower pace.