TABLE-China's implied copper demand up 5 pct in March 22/04/2009 - 03:57 euroinvestor.co.uk
SINGAPORE, April 22 (Reuters) - China's implied copper demand rose about 5 percent in March versus February on the back of record high imports, data showed on Wednesday. The world's biggest user of the metal consumed 621,325 tonnes of copper in March versus 591,000 tonnes in February, calculations based on trade data, output figures and Shanghai inventory numbers showed. Aluminium demand jumped 17.5 percent to over 1 million tonnes, while zinc consumption leapt by a third and lead use by more than 60 percent. Apparent nickel consumption fell 4.4 percent, possibly reflecting continuing weakness in the stainless steel industry, while tin, a key ingredient in solder, rocketed 133 percent higher. For a graphic showing Chinese copper demand and imports. click: graphics.thomsonreuters.com BASE METALS DEMAND March Feb MO/MO Pct Chg Refined copper 621,325 591,009 +30,316 +5.1% Primary aluminium 1,062,032 903,852 +158,180 +17.5% Refined zinc 454,769 338,380 +116,389 +34.4% Refined lead 360,175 221,510 +138,665 +62.6% Refined nickel 28,074 29,382 -1,307 -4.4% Refined Tin 13,067 5,621 +7,446 +132.5% YEAR TO DATE Jan-March YR/YR PCT CHG* Refined copper 1,664,313 +471,710 +39.6% Primary aluminium 2,848,320 -174,311 -5.8% Refined zinc 1,046,758 +131,291 +14.3% Refined lead 785,957 +204,426 +35.2% Refined nickel 98,953 +10,131 +11.4% Refined tin 25,667 -7,817 -23.3% IMPORTS March Mo/Mo Pct Jan-March Yr/Yr Pct Refined copper 296,843 +9.6% 748,281 +92.3% Primary aluminium 85,965 +579.5% 115,755 +255.4% Refined zinc 121,027 +56.8% 210,730 +875.8% Refined lead 25,370 +39.5% 48,320 +826.0% Refined nickel 12,620 -0.6% 48,320 -7.7% Refined tin 2,463 +124.9% 4,402 +17.8% EXPORTS Refined copper 342 +113.8% 782 -93.4% Primary aluminium 1,683 -11.9% 3,677 -77.7% Refined zinc 785 -62.6% 3,848 -82.3% Refined lead 395 -66.6% 4,063 -81.8% Refined nickel 609 +59.8% 1,189 -11.7% Refined tin 10 +150.0% 49 -86.5% ShFE STOCKS April 2, 2009 Feb 26 CHANGE Refined copper 22,908 28,332 -5,424 Primary aluminium 124,421 199,871 -75,450 Refined zinc 74,040 64,367 +9,673 SOURCE: Reuters calculations based on data from National Bureau of Statistics, China Customs Administration and the Shanghai Futures Exchange (Reporting by Nick Trevethan; Editing by Michael Urquhart) ((nicholas.trevethan@thomsonreuters.com; +65 6870 3822; Reuters Messaging: nicholas.trevethan.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to
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