China December Copper Imports at Record on Demand, Financing
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Copper imports by China surged to a record in December, narrowing the first annual drop since 2008, as pre-holiday stockpiling and financing needs spurred buying amid low domestic inventories in the world’s largest consumer.
Inbound shipments of the refined metal, copper alloy and products were 508,942 metric tons, gaining for the seventh straight month, according to data on the General Administration of Customs’ website today. That was the highest level ever, according to Qu Yi, a Beijing-based analyst at CRU International Ltd.