Questions Linger About Chinese Copper Demand

Bloomberg reported that Chinese refined copper imports climbed by 1.8 percent in January as exports marked their fifth consecutive month of increase.

A higher level of imports, coupled with huge local stockpiles in China, isn’t good news for prices,” Liang Lijuan, an analyst at Cofco Futures Co., said by phone from Beijing today. “There are still concerns regarding how strong the demand recovery will be in this spring.

To view the whole Bloomberg report, click here.