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Chinese copper imports robust in March-2018 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
4/18/2018 有色金属展-Copper exhibition -non-ferrous metals expo |
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Mining com reported that February customs data from China showed that import volumes of unwrought copper bounced back sharply, totaling 436,000 tonnes in March. First quarter shipments came to 1.23 million tonnes, up 7.3% compared to Q1 2017.
Rising imports have coincided with a build-up of inventories however, with stockpiles on the Shanghai exchange nearly doubling since end-2017. Together with LME and CME inventories, copper in warehouses totaled 889,000 tonnes at the end of March the highest since 2003.
Concentrate cargoes landing at Chinese ports also recovered, up more than 10% from February to total 1.6m tonnes in March. The total for the first three months puts China''s copper concentrate imports on track to top the record levels of 2017 of 17.3 million tonnes, boosted by a ban on most types of scrap imports which have fallen by 40%.
有色金属展-铜材展-2018年广州国际有色金属工业（铜业）展览会
-2018 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
-Non-Ferrous Metal exhibition, 2018
Non-Ferrous Metal exhibition, Non-Ferrous Metal expo, 2018 Non-Ferrous Metal
expo, Copper exhibition, Copper expo, 2018 Copper exhibition, 2018 Copper expo,
China Copper exhibition, China Copper expo
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