(Bloomberg) -- Shanghai copper prices fell the most
in a week as China's imports slowed last month from March's
record level, suggesting that the world's biggest consumer of the
metal has enough supply to meet demand.
Imports of refined copper and alloys in April fell 7.7
percent to 192,069 tons from 208,014 tons in March, according to
data issued today by the customs office. Shanghai copper prices
have fallen 14 percent this month on concern that China's rising
stockpiles of the metal, used in wires and pipes, signaled a glut.
Read more at Bloomberg Commodities News
in a week as China's imports slowed last month from March's
record level, suggesting that the world's biggest consumer of the
metal has enough supply to meet demand.
Imports of refined copper and alloys in April fell 7.7
percent to 192,069 tons from 208,014 tons in March, according to
data issued today by the customs office. Shanghai copper prices
have fallen 14 percent this month on concern that China's rising
stockpiles of the metal, used in wires and pipes, signaled a glut.
Read more at Bloomberg Commodities News
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