China's copper imports have fueled the metals roaring price recovery from multi-year lows in March, but the traders who had brought the material into the country say they are no longer buying, Fastmarkets heard.
Records for monthly copper imports were initially smashed in June with 656,483 tonnes, only to be gazumped in July when 762,211 tonnes crossed the China border.Fastmarkets assessed the copper grade A cathode ER premium, cif Shanghai at $50-60 per tonne on September 4, after having been at $72-80 per tonne at...