Imports of unwrought copper and copper products were 445,725 tonnes in May, the General Administration of Customs said.
Benchmark London copper prices rose 4.4% last month, hitting an all-time peak of $10,747.50 a tonne on May 10.
Underscoring low buying interest, the closely watched Yangshan copper premium SMM-CUYP-CN, paid on top of London prices for delivery of physical copper into China, is at its lowest since 2016 at $28 a tonne.
Continued high prices will have an impact on future imports, said CRU copper analyst He Tianyu, adding that despite the monthly declines, overall import levels are still relatively high.
Meanwhile, China’s exports of unwrought aluminium and aluminium products were 439,097 tonnes in May, it said.
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