China’s copper imports in January jump on favorable arbitrage, scrap restrictions

Chinese imports of copper metal and concentrates saw double-digit growth on an annual basis in the first month of 2018 on a profitable arbitrage and restrictions on copper scrap imports, preliminary Chinese customs data showed.

China imported 1.62 million tonnes of copper ore and concentrates in January, up 24.9% year on year. Meanwhile, imports of unwrought copper and copper fabricated products increased 16.1% in the same comparison to 443,000 tonnes. But imports of copper concentrates and copper metal were both down 1.82% and 1.56% from December 2017 respectively.  Data for the final month of the year is normally higher because market participants need to meet trading volume targets or use up credit...

Published

Kiki Kang

February 08, 2018

09:45 GMT

Singapore