SHANGHAI Chinas 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 Bulletin.