Copper output leap seen hitting imports, prices
Nov 21, 2007 | 06:59 AM
China's copper production in October reached its highest level this year, making it increasingly likely that imports—and prices—will continue to fall, traders and analysts said.
Chinese copper output rose to 358,000 tonnes in October, up 16.5 percent from September and 42.5 percent from October last year, according to China's National Bureau of Statistics.
The leap in production will further impair Chinese imports of the red metal, which have been dropping anyway as a result of high inventories, market players said. "Chinese demand for copper plays an important role in the world, and the increase in the country's copper output may lead to a decline in imports," a Jiangsu-based trader said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.