China’s copper imports in November rose 24.3% month-on-month to the highest since March at 510,402 tonnes.

Due to increased demand after the easing due to the energy crisis has affected industrial production. However, the volume of unwrought copper and products of the world’s top copper consumer still fell 9.1% year-on-year, despite the third consecutive month-on-month increase in November, the General Department of Vietnam Customs said. official said.

Activity in China’s copper-intensive manufacturing and construction sectors picked up in November as the share of power allocation across the board and raw material prices softened.
Refined copper stocks at the Shanghai bonded warehouse SMM-CUR-BON fell 17% in November to less than 170,000 tonnes, a record low.
Copper concentrates, or partially processed copper concentrates, hit a record high of 2.19 million tonnes in November, up 21.9 percent from the previous month.
China’s exports of unwrought aluminum and products in November increased 20.1% year-on-year, the highest since March 2020.

The European Commission’s decision to delay the 14-25% import tax on sheet and coil products from China can also boost exports.

T&G International Joint Stock Company

Address: 352 Hue Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi

Hotline: 0345786803

Email: hrm@tginterjsc.com

Website: http://tginternationaljsc.com