GACC: China's unwrought copper, semis imports slump in July

China's imports of unwrought copper and semi-finished copper products - a category comprising copper cathodes, rods, tubes, sheets, and foil - fell on month in July, as elevated prices discouraged restocking by the world's top consumer of the red metal, Mysteel Global notes.

China imported 425,000 tonnes of unwrought copper and copper semis last month, down 11.1% from 478,000 tonnes in June, according to data released by the General Administration of Customs (GACC) published on August 7. For this year's January-July period, cumulative imports of these products reached around 2.92 million tonnes, down