Global copper market saw 15,000 tonnes deficit in September, says ICSG

The global refined copper market logged a deficit of 15,000 tonnes in September, compared with a 156,000 tonnes surplus in August, the International Copper Study Group (ICSG) announced on Monday December 20.

When adjusted for seasonal factors, September registered a surplus of about 25,000 tonnes, the Portugal-based organisation said. For the first nine months of 2016, the world’s copper market was in a deficit of 84,000 tonnes, compared with a 28,000-tonne deficit during the same period of last year. During the first three quarters of this year, world apparent refined copper consumption was 3% or 565,000 tonnes higher year-on-year due mainly to increased demand in China, as world usage (excluding China) was relatively flat. Apparent demand from China rose by...

Published

Kiki Kang

December 21, 2016

07:38 GMT

Shanghai