SMM Forecast of Chinese Copper Cathode Exports in Mar

SHANGHAI, Apr 13 (SMM) - Chinese mainstream smelters actively shipped spots overseas since the export window was opened several times from January to February. The goods were mainly transported to domestic bonded warehouses, and a small part went to warehouses in Busan and Singapore for delivery. In March, some smelters cancelled the export plans on low profit margins. According to the LME inventory change, the copper cathode exports declined MoM in March, and are expected to be around 28,000 mt.