View full page at metalsmine.com

 

China May copper imports slide 4.6% y/y on soft demand

From brecorder.com

China’s copper imports slid 4.6% in May from a year ago, customs data showed on Wednesday, as soft demand amid a shaky economic recovery in the world’s top metal consumer dampened buying appetite while domestic production remained high. Imports of unwrought copper and copper products totalled 444,010 tonnes in May, according to data from the General Administration of Customs. The metal, including anode, refined, alloy and semi-finished copper, is used widely in construction, transportation and power sectors. Strong cable and wire production last month following increased government investment in the power sector ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis