October, refined copper importing is the highest since last May
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China October refined copper importing rate increased 74% to 295,341 tons, which is the highest level since last May. China is the largest copper consumer country in the world. That is because that China took advantage of the situation that global copper price is very low to increase their storage. At the end of this year, China copper consuming will still keep bloom. Electric power industry and merchants' stable needs made the market bloom, these merchants take the advantage of low prices situation to get profit.
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