Page 18 - Import Export News Today

As of Friday April 7, copper inventories in the domestic bonded zones decreased 9,500 mt from March 31 to 163,100 mt, according to the latest SMM survey.

ANZ Bank expects the Reserve Bank of Australia (RBA) to keep rates untouched until August, lowering...

85,300 mt of copper concentrate was imported from the US, up 192.47% or 56,100 mt month-on-month.

The guidance TCs as well as concentrated maintenance at Chinese smelters scheduled to start in late March, continuous improvement in the production and shipments of overseas mines and the commissioning of new mines in Chile all point to significant rise in spot copper concentrate TCs.

SHANGHAI, Apr 4 (SMM) - In terms of imports from Europe, China imported 500 mt of copper anode from Italy in January.

SHANGHAI, Apr 4 (SMM) - In terms of imports from Asia, China imported 3,100 mt of copper anode from South Korea in January (+74.76% MoM, -15.29% YoY), versus 1,600 mt from Thailand (+3.46% MoM, -5.48% YoY).

SHANGHAI, Apr 4 (SMM) - In February, China imported 33,000 mt of copper anode from Zambia (-36.2% MoM, -23.91% YoY).

After Saudi Arabia and other major oil producers announced voluntary production cuts, crude oil bull Goldman Sachs has raised its forecast for Brent crude oil prices by the end of 2023 from $90 to $95, and by the end of 2024 from $97 to $100.

Enamelled wire orders were relatively stable last week, and most companies said that the progress of production was in line with expectations. According to the survey, the order increase of each downstream industry was not obvious. A few small enterprises said that the transformer industry and the motor industry received more orders compared with other industries, and orders in the power industry and household appliance industry were relatively stable.

SMM statistics showed that China’s steel product port shipments under domestic trade totalled 5.21 million mt in the week of March 25-31, down 11% week-on-week.