Chinese demand ?Compare the LME number to the latest monthly Chinese import number below.
Trade data over the weekend showed that inbound Chinese copper shipments totaled 457,847 metric tons last month, the highest since March 2012. The figure was nearly 18% higher than copper imports in the previous month.
China is the world’s largest copper consumer, accounting for almost 40% of world consumption last year.
Economic data is due out Friday US time
Source - investing.com
CDU Price at posting:
$1.95 Sentiment: LT Buy Disclosure: Held
