Commodity Online
NEW DELHI: China is making use of the price crash scenario by stocking metals and other goods which have become cheaper following recession.

According to reports, Chinese copper imports in December were up by 19.3% YoY.

Preliminary statistics disclosed by the General Administration of Customs in December 2008 showed that China imported 0.46 million tonnes of copper concentrate, up by 19.3% YoY or 12.5%MoM.

The data also shows the total copper concentrate imported in 2008 was 5.19 million tonnes up by 14.7%YoY.

In December 2007, the copper concentrate imports rose 4.4% from the same month in previous year.

Analysts disclosed the increase in copper concentrate imports indicates the domestic copper market is in tight.

China had taken a policy decision to stockpile goods following the recessionary trends in the global market.