Traders' import enthusiasm was insufficient, and China's copper scrap imports in the first two months were not high.

According to the online query data from the General Administration of Customs, China's copper scrap imports in January stood at 189,200 mt, down more than 10% MoM from December last year but slightly higher than the same period last year. In February, copper scrap imports reached 193,400 mt, showing a slight rebound MoM but still lower than the end of last year. At the beginning of this year, the import profit/loss for copper scrap was inverted, and traders' enthusiasm for participating in import trade was not high.

Source: General Administration of Customs