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...

Published

Kiki Kang

February 08, 2018

09:45 GMT

Singapore