SMM1 March 14: China's imports of unwrought copper and copper products in December were 512332 tons, down 8.73 percent from the previous month and 3.33 percent from the same period last year. In 2020, the import of unwrought copper and copper products was 6.68 million tons, a substantial increase of 34.13% compared with 4.98 million tons in the same period last year.

SMM believes that the month-on-month decline in imports in December is mainly due to the long-term closure of the import window and the low liquidity of the US dollar copper market for a long time, superimposed by overseas shipping delays and tight shipping capacity in December.

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