China Copper Imports May Extend Drop in April on Price

Bloomberg reports copper imports into China likely to decline this month compared with a year ago.

The market news is quoted as saying:

China, which represents about 40 percent of global consumption, produced a record amount of the metal last month. While London futures reached an all-time high in February amid forecasts for a wider global deficit, prices dropped in March. Copper stockpiles in China have risen this year, as have those in London Metal Exchange locations closest to China.

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