HOME >> Media Centre >> Industrial News
Industrial News
China's copper imports July to 342900 metric tons
Date:2012-05-29 Hits:328
SMM8 month 13,-: customs preliminary data shows, July China does not forging and copper copper imports for 342900 tons, annulus June 328200 tons of than a modest increase of 14700 tons, an increase of 4.47%.
To be a 1-July accumulative total imports from the average monthly average imports in 367800 tons, visible July copper and copper forging not imports can not from June to those out of, still maintain low level in years.
Shanghai non-ferrous nets (SMM) think, which is China's July imports not sharply the main cause of that growth is still foreign source of tension and consumption in China to copper off-season arrival and copper demand weakened.
Review of the July Shanghai equal value, it is not difficult to find that after July ratio are in more than eight basic high, even for many days in above 8.2 for maintaining. Although ratio go high, but to imported goods and downstream enterprise that with copper, on the one hand, the foreign source push the copper imports cif nervous liter of water, thus reduced the price of copper imports appeal; On the other hand be off-season influence, downstream enterprise itself starts appeared drop, and the copper prices during the off-season is watching that makes the market rose against the emotional intensifies, buying exalted receive goods insufficient passion.
Although the market late August to the industry will have a batch of import source to port, but subject to this round of copper prices rising in the mainly derived from WaiPan, with weak domestic rose, copper prices within the continued strong caused by weak pattern, making imports of copper advantage all is broken, so Shanghai non-ferrous nets (SMM) is expected to late August forging copper and copper imports will still in 33-360000 tons of the relative low between.