DJ China Feb Copper, Lead, Zinc Imports Surge To New Highs On Yr
BEIJING, Mar 22, 2009 (Dow Jones Commodities News via Comtex) -- By Chuin-Wei Yap Of DOW JONES NEWSWIRES
Refined lead import volumes also rose strongly on year to 20,944 tons, more than seven times the 2,824 tons imported in February 2008.
The domestic price premium in recent weeks to London Metal Exchange prices reached $446 a ton.
Zinc imports were up 743% to 77,205 tons, driven by a $371/ton arbitrage gap in favor of imports.
Import volumes for iron ore stood at 46.82 million tons, up 23% on year, mostly in line with figures already released by the customs department earlier this month.
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