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.

China imported 150,000 mt of copper scrap in Sep, up 50% from Aug but down 21.2% from Sep 2018

Exports declined 4.1% from a month ago to stand at 55,000 mt in Jul

Imports in Jul shrank 0.23% on the year but increased 9.72% on the month to 69,700 mt

China imported 170,000 mt of copper scrap in Jun, barely changed from May but down 15.8% from Jun 2018

SHFE nonferrous metals, except for lead, closed lower

SHFE nonferrous metals, except for nickel, closed lower

SHFE nonferrous metals closed mixed

Imports fell 29.2% on the year, sharper from a decline of 9.3% in Apr

China imported 9.77 million mt of bauxite in Apr, up 68.2% from a year ago and 24.5% from a month ago