China's copper scrap imports in February dropped by 63% month on month and by half compared with February 2018, according to the latest Chinese customs data released on Monday March 25.
China imported 64,622 tonnes of copper scrap in February 2019, a sharp drop of 63.5% from 176,900 tonnes in January. This was attributed to a fall in activity during the week-long Lunar New Year holiday in February and increased stockpiling ahead of the holiday in January. The 50.2% year-on-year fall in import volumes was due to...