MT: Chinese copper imports hit six-month high in July
China's refined copper imports are expected to rise further in August after surging to a six-month high of 194,280 tonnes in July on emerging arbitrage
China's refined copper imports are expected to rise further in August after surging to a six-month high of 194,280 tonnes in July on emerging arbitrage. Imports rose for a second month in July, jumping 8.8%, although still 13.5% lower year-on-year, according to customs data. Shipments increased as the Shanghai-London price differential narrowed toward the month's end, sharply reducing losses. Market participants warned, however, that end-user had yet to come back strongly ahead of...
