China's demand for copper to fall

Source: Commodityonline
Chinese copper imports are expected to fall in the next months amid buildup of copper's inventories and lack of arbitrage opportunities. Bloomberg survey indicated that copper inventories at the Shanghai warehouses increased by 300,000 tons over the last month. Currently, LME copper traded at USD 8,5000 per ton, reflecting almost 15% fall from its record high of USD 10,000 per ton in 2011.


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