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Copper Imports by China Gain for a Fifth Month on Arbitrage
Nov. 21, 2011 10:25AM PST
Base Metals Investing Business Week reported that refined copper imports by China rose for a consecutive fifth month in October, after convenient arbitrage between London and Shanghai made it profitable to ship copper.
Business Week reported that refined copper imports by China rose for a consecutive fifth month in October, after convenient arbitrage between London and Shanghai made it profitable to ship copper.
As quoted in the market news:
Shipments were 295,341 metric tons in October, the customs agency said in an e-mailed statement today. That compares with 275,499 tons in September, and 169,897 tons a year ago, according to Bloomberg data.
