refined copper imports dropped in February while exports
climbed 47.1 percent, as a negative import arbitrage helped
Chinese smelters export metal under toll-processing deals.
Inbound shipments of refined
copper totaled 214,949 tonnes last month, down from 243,174
tonnes in January and 42.8 percent below the level seen in
February 2012, according to customs data released March 21.
Imports of copper concentrates
stood at 681,148 tonnes in February, down 10.5 percent month on
month but up 8.6 percent year on year.
Meanwhile, China exported 38,569 tonnes of refined copper
last month, up from 26,213 tonnes in January and a mere 700
tonnes in February 2012.
A version of this article was
first published by AMM sister publication Metal