Chinese imports of copper product in November down by 1% MOM
2014-01-03 09:19:50 [Print]
BEIJING (Asian Metal) 3 Jan 14 - According to data from China Customs, China imported 53,029t of copper product in November, down by 1% month-on-month and up by 2% year-on-year.
China imports of copper foil reached 20,040t in November, and the volume accounted for 38% of the total imports.
In the past few months, Chinese production of copper product was on the rise, and the output in November set up a new record. As a result, domestic consumption for imported copper product declined. In addition, buyers faced great pressure on capital turnover and had to reduce imports in the year-end. In the first eleven months of 2013, the total imports of copper product stood at 592,969t, down by 3% year-on-year.
In December, Chinese domestic demand for copper product weakened further, and the imports of copper product may continue to decline.
China imports of copper foil reached 20,040t in November, and the volume accounted for 38% of the total imports.
In the past few months, Chinese production of copper product was on the rise, and the output in November set up a new record. As a result, domestic consumption for imported copper product declined. In addition, buyers faced great pressure on capital turnover and had to reduce imports in the year-end. In the first eleven months of 2013, the total imports of copper product stood at 592,969t, down by 3% year-on-year.
In December, Chinese domestic demand for copper product weakened further, and the imports of copper product may continue to decline.
Copper Rod TC Ф8mm EXW China
Unit:RMB/mt
China's copper rod producers' inventory statistics by province by month
Unit: mt
