最新海关数据显示11月中国未锻造铜及铜材进口量为36.53万吨，环比增加13.5%，同比下降19.18%。1-11月累计进口430.64万吨，同比增加20.80%。

The latest customs data showed that November China not forging copper and copper imports for 365300 tons,Link increased by 13.5%,19.18% year-on-year drop.1 - November accumulative total import 4.3064 million tons,Increased by 20.80% year-on-year.

　　11月进口量增加符合上海有色网（SMM）之前预期，在摆脱9、10两月长假致使长单提前执行的因素后，11月已恢复至7、8月份的水平。按此测算11月精铜进口量在25万吨左右。

November imports increased with Shanghai non-ferrous nets(SMM)Expected before,Get rid of the 9/And the two months holiday long single advance execution factors,November has been restored to 7/The level of August.According to the calculation on November refined copper imports in 250000 tons.

　　年末，部分企业年度信用额度剩余量不多，加上11月进口铜现货亏损依然在1000-2000元/吨区间内运行，预计12月进口窗口开启也无望，故除正常长单执行外，市场对额外进口铜的需求力度不高。

The end of the year,Part of the enterprise annual credit residual quantity not much,Add November import copper spot loss is still in the 1000-2000 yuan/ton interval operation,December is expected to import window open and hopelessness,So in addition to the normal long single execution,Market for additional import copper demand strength is not high.

　　从近期现货到岸升水来看，虽然CODELCO已确定2013年发至中国的长单升水在98美元/吨，但现货市场对其无明显反应，依旧稳定运行在35-60美元/吨，预计12月最后三周也较难回升。12月进口量或将继续保持平稳运行。

From the recent spot cif premium to see,Although CODELCO has determined in 2013 sent to China's long single premium at $98 / ton,But the spot market for its no obvious reaction,Still stable operation in 35 - usd/ton,December is expected to last three weeks is also more difficult to rebound.December imports or will continue to keep smooth running.