China Fast Figure: Copper Import/Export Growth

Copper prices tick up, but copper exports to China aren't moving.

Copper prices ticked upwards on belief copper was not going to become to a casualty in the trade war. However, taking a look at copper growth, we can see US copper heading to China is relatively flat. It is worth noting that the value of copper imports overall dropped from a YTD in March 2018. Value of exports from China increased slightly. Copper outputs decreased with relative consistency since July 2017. Copper prices may be shifting to positive momentum, but copper growth is a mixed bag. With China’s output decreasing this could signal a means for US copper to maintain a positive foothold in China.