Chinese demand for copper and aluminum imports fell slump

June Chinese copper, aluminum, crude oil, iron ore and other raw materials, imports of energy products have a certain decline, once again confirms the fact that the slowdown in Chinese demand.

Customs data show that in June China unwrought copper and copper imports 346,200 tons, compared with May to drop 17.5 percent; June copper imports 370,000 tons, compared with 420,000 tons in May down 12% qoq.

June Chinese unwrought aluminum and aluminum imports 89,600 tons, compared with 91,100 tons in May imports fell 1.6%. June alumina imports 310,000 tons, compared with 720,000 tons in May to drop 57%.

June China's crude oil imports 21.72 million tons, compared with May hit a record high of 25.48 million tons reduction of 14.8%.

First half of this year, total imports and exports grew 8%, but fell by 18% year on year. Import and export growth slowed show weak domestic demand is an indisputable fact.

For the real economy, the short-term stimulus will not solve the long-term structural problems. China's economy is facing problems, is deep-seated contradictions between supply and demand imbalance has not effectively addressed, "lack of demand" and "overproduction" contradictory or normalized.

Economists said the decline in imports in June compared with the domestic economic development Molybdenum tube o the announced second quarter economic data is not ideal, so the domestic demand for imports may decline as the economy slowed in the third quarter foreign trade situation is not will be particularly good. Domestic consumption outlook remains poor, there should be more stimulus measures. .