Open import arbitrage window and low inventories drive China’s copper imports in September sharply higher

摘要

China’s unwrought copper and copper product imports hit a two-year high in September, driven by an open import arbitrage window and market participants replenishing copper inventories amid low stockpiles in Shanghai-bonded and Shanghai Futures Exchange (SHFE) warehouses.China’s unwrought copper and copper products imports in September increased by 24% month on month and 21% year on year to 521,000 tonnes, according to preliminary Chinese customs data released on Friday October 12.