Today the Chinese Government flipped us over on our back again by providing more politically massaged "data", this time signaling decreasing copper demand.
The custom office reported May refined copper imports of 94,196 tons. Imported supplies are down -26% from the prior month. Copper futures sold off -0.5% today.
Below is a chart of copper prices/Chinese import data.
Andrew Barber
Director
Research Edge
The custom office reported May refined copper imports of 94,196 tons. Imported supplies are down -26% from the prior month. Copper futures sold off -0.5% today.
Below is a chart of copper prices/Chinese import data.
Andrew Barber
Director
Research Edge
