The latest statistics released by the country’s General Administration of Customs indicates that the Chinese refined copper imports surged higher during the month of May this year. The country imported 282,969 tons of refined copper during the month. The imports during May ’14 were 21.89% higher when compared with the imports during the same month a year ago.
The average import price for refined copper during May ’14 was $ 6,925.74 per ton.
The refined copper imports by the country during the initial five-month period of the year totaled 1.63 million tons, rising significantly over the previous year. The imports jumped 48.84% higher when compared with the imports during the corresponding five-month period during 2013. The Chinese refined copper imports during January to May in 2013 had totaled 1.10 million tons.
Meanwhile, the country’s refined copper exports soared higher during May this year. According to Customs data, the exports of refined copper during the month totaled 28,149 tons, nearly 95% higher when compared with the exports during May last year.
The cumulative refined copper exports during the five-month period of the year totaled 105,204 tons, down 37.58% over the previous year.