Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

China’s Imports of copper and articles of copper increased by 10.9pc to $29.4bn in the first eight months of the year, while exports hit $3.9bn, or 13.3pc of imports, in the same period, according to China’s Customs Statistics (CCS). 


CCS data indicated that copper imports increased by 10.9pc in the January-August period from the same period last year, while exports declined by 15.9pc during the same eight months under comparison. In August, copper imports were valued at $4.8bn and exports were worth $465mn. Copper exports were 9.6pc of imports during the month.


Shipments of Aluminum and articles of aluminum into China increased by 23.9pc while exports from the country decreased by 12.3pc in the first eight-months in 2020 compared to the same period in 2019. In January-August, aluminum imports were valued at $5bn and exports were worth $15bn, or three-fold. In August, imports of aluminum were $1bn against $2.1bn, or slightly more than double in exports in the same month.


Imports of nickel and articles of nickel declined by 34.5pc to $2.5bn in January-August 2020 from the same prior-year period. Nickel exports which were valued at $398mn during the same eight-month period were estimated at 15.9pc of imports. Imports decreased by 34.5pc in the first eight months of the year against the same period in 2019 while exports increased by 32pc in the period. In August, China imported nickel worth $288mn against $34mn in exports in the same period. Exports were 11.8pc of imports during the month. 


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