China's imports of unwrought copper and copper products jumped to a 13-month high in December, driven by increased demand and lower prices.
China's imports of unwrought copper and copper products reached a 13-month high in December, rising 17.8% year-on-year to 559,000 metric tons, according to customs data released on Monday. For the whole of 2024, unwrought copper imports totalled 5.68 million tons, a year-on-year increase of 3.27%, the data showed.Copper prices fell in December, both in China and globally, on a stronger US dollar which makes it more expensive for holders of other currencies to buy US-dollar-priced commodities.
Deliverable copper stocks on the Shanghai Futures Exchange stood at 83,174 tons on Jan. 3, a 17.3% increase from a 10-month low of 70,894 tons recorded on Dec. 20. For the whole of 2024, unwrought copper imports totalled 5.68 million tons, a year-on-year increase of 3.27%, the data showed. Imports of copper concentrate came to million tons in December, up 1.65% from a year earlier. For 2024, they totalled 28.11 million tons, up 2.1%.Copper concentrate TC/RCs to remain low in 2025 amid tight supply – Fastmarkets Fastmarkets analyst sees a bumpy road ahead for the copper concentrates market in 2025, forecasting an annual average spot TC of $10.7 per tonne.The deal will merge Gatos’ main Cerro Los Gatos mine with First Majestic’s San Dimas mine in Durango, and its Santa Elena operation in Sonora
COPPER IMPORTS CHINA PRICES DEMAND SUPPLY
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Exports and Imports Surpass Expectations in DecemberChina's exports and imports both beat expectations in December, with exports surging by 10.7% year-on-year and imports reversing their decline to rise by 1.0%. This performance is attributed to companies frontloading shipments ahead of potential tariffs from the U.S. under President-elect Donald Trump.
Read more »
China's Exports and Imports Surge Past Expectations in DecemberChina's exports and imports both exceeded expectations in December, signaling a positive outlook for the country's economy. Exports soared 10.7% year-on-year, surpassing forecasts of 7.3% growth, while imports rebounded with a 1.0% increase after two consecutive months of contraction.
Read more »
China's imports post surprise growth in December, exports also beat expectationsEconomists are expecting trade to make a notable boost to China’s economic growth last year when the figures are released later this week.
Read more »
China's December Exports and Imports Beat ExpectationsChina's December exports jumped 10.7% year-on-year, surpassing expectations, while imports rose 1.0%, reversing a two-month contraction. Exporters are said to be frontloading shipments due to concerns over potential tariffs, while domestic stimulus measures are supporting consumption.
Read more »
China's Exports and Imports Soar in December, Surpassing ExpectationsChina's December trade data showed unexpected strength, with both exports and imports significantly outperforming forecasts. Exporters are believed to be frontloading shipments in response to concerns about potential tariff increases, while government stimulus measures seem to be driving domestic consumption.
Read more »
China's December Exports and Imports Surge Past ExpectationsChina's exports and imports defied expectations in December, with both metrics posting significant growth. This positive performance is attributed to several factors, including frontloading of shipments due to tariff concerns and the ongoing stimulus measures supporting industrial demand.
Read more »