date:Jun 10, 2014
er at a large copper end-user said, while other traders said some firms were also unable to secure letters of credit for imports after banks stepped up lending requirements.
Going forward, imports could fall in the coming months as an investigation into possible fraud in metal financing in the port of Qingdao has led some major banks to suspend new metal financing to some Chinese customers. Iron ore imports stood at 77.38 million tonnes in May, down 7.2 percent from the previous month. Total i