(Bloomberg) -- China's copper imports fell in May
and stockpiles climbed to a three-year high at a time of record
domestic production, fueling concern that supply in the world's
biggest consumer of the metal may be outpacing demand.
Refined copper and alloy imports fell 32 percent to 129,949
metric tons last month, according to preliminary figures issued
by the Beijing-based customs office today. This would be the
biggest drop since October 2005. Shanghai Futures Exchange copper
inventories jumped 6.4 percent to 99,773 tons, the highest since
April 2004, the exchange said in a weekly report.
Read more at Bloomberg Commodities News
and stockpiles climbed to a three-year high at a time of record
domestic production, fueling concern that supply in the world's
biggest consumer of the metal may be outpacing demand.
Refined copper and alloy imports fell 32 percent to 129,949
metric tons last month, according to preliminary figures issued
by the Beijing-based customs office today. This would be the
biggest drop since October 2005. Shanghai Futures Exchange copper
inventories jumped 6.4 percent to 99,773 tons, the highest since
April 2004, the exchange said in a weekly report.
Read more at Bloomberg Commodities News
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