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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.


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