A 50% fall in Chinese inventories over the past 2 months - from 600K tons to 300K tons -...

|By:, SA News Editor

A 50% fall in Chinese inventories over the past 2 months - from 600K tons to 300K tons - suggests the country will soon have to step up copper imports, giving support to the price. With much of the commodity sector having gotten hit lately, copper has held its own, suggesting this information is priced in.