China - Copper imports up 11.8% m-o-m and 3.3% y-o-y in September - 0 views
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Piotr Ortonowski on 13 Oct 11China's General Administration of Customs announced on 12th October that imports of copper rose by 11.8% m-o-m to 380,526t in September. This represents 3.3% y-o-y growth and the highest level of imports since May 2010. Nevertheless, many market insiders were disappointed by these figures, expecting higher levels of imports. China's tightening credit market and concerns over economic slowdown in Europe meant that Chinese copper demand did not grow as strongly as anticipated.