This Signal of Chinese Copper Demand Says Slump's Coming: ChartBloomberg News
Premiums paid on copper imports by buyers in China, the world’s biggest consumer, have sunk to $50 a metric ton, the lowest since at least November 2012, according to industry adviser SMM Information & Technology Co. Lower fees indicate weaker demand and may presage a decline in purchases, which can hurt world prices. The slide in premiums signals the end of a buying spree by importers that’s driven Shanghai exchange stockpiles to a record, according Li Chunlan, copper analyst at consultancy CRU Group in Beijing.
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