Henry works in a company of developing shopping bag, non woven bag, pp woven bag and others. And he often reads all kinds of news.
He reads that China has exported small amounts of copper in the spot market in the past, in general when domestic demand has been weak. As the Chinese economy slowed earlier this year, exports accelerated, hitting a peak of 102,000 tonnes in May. The slowdown in Chinese copper demand, together with sluggish growth in the rest of the world and the prospect of rising mine supply, has weighed on copper prices.
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