In August ICSG:2017, The Global Copper Supply Surplus Was 85000 Tons

- Nov 21, 2017-

In November 20th, the international copper research organization (ICSG) said in the latest monthly report, in August this year, the world's refined copper market oversupply of 85000 tons, in July for a shortage of 7000 tons.


In the first 8 months of this year, the global refined copper market was in short supply of 52000 tons, with a shortage of 139000 tons during the same period last year.


In August, the world's refined copper production was 2 million 10 thousand tons, with a consumption of 1 million 920 thousand tons.


China's bonded warehouse copper inventories in August for an excess of 70000 tons, in July for a shortage of 7000 tons.