SMM: China imported the highest amount of copper ore and its concentrate from the United States in June, according to customs data released on Sunday, as processing companies took advantage of easing trade relations to buy duty-free metals at the beginning of the year.
China imported 30734 tons of copper ore and concentrate from the United States in June, accounting for 1.93 percent of the total import volume of 1.59 million tons in June, according to the General Administration of Customs.
Trade tensions between the two countries have intensified since late 2018, squeezing the amount of copper ore and its concentrates exported by the United States to China, but Chinese companies have been allowed to apply for tariff exemptions since March. At least two ships of US copper ore and its concentrates are scheduled to arrive in Hong Kong in mid-June.
Customs data show that U. S. copper ore and its concentrates imported in June were sent to Zhejiang and Fujian provinces.
[SMM brief Review] China imported 68744.67 tons of scrap copper in June slightly lower than the previous month.
[SMM brief Review] China's consumption performance is good. Imports of electrolytic copper increased by 63.17% month-on-month in June.
[SMM brief Review] Logistics resumed in late May and China's anode copper imports increased significantly month-on-month in June. Crude copper processing fees rose rapidly.
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