MARKET TALK: China Copper Imports To Level Off - Standard Bk

High level of imports of refined copper, copper products to China during 1Q, sharp rise in copper prices in last few weeks and renewed attractiveness of copper scrap will dampen imports to China in following months, says Standard Bank. "Meanwhile, we would not be surprised to see some inflows of metal in the LME warehouses, especially in Asia." LME 3-month copper last trades at $7,705/ton, down $15 vs yesterday's PM kerb.