GACC: China's unwrought copper, semis imports dip 2% MoM in October

China's imports of unwrought copper and semi-finished copper products, including cathodes, rods, tubes, sheets and foil, fell to 453,000 tonnes in October, down 1.7% month on month, new data from the General Administration of Customs (GACC) show.

Recent declines in copper prices have slightly improved downstream consumption, with buyers actively purchasing low-priced cargoes and showing a stronger willingness to restock. On October 30, the most-traded copper contract on the Shanghai Futures Exchange closed the daytime session at Yuan 108,050/tonne ($11,151/t), lower by 1.5% than the closing price