China September Cu Apparent Consumption Data Analysis -Shanghai Metals Market

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China September Cu Apparent Consumption Data Analysis

Data Analysis 10:57:51AM Nov 01, 2010 Source:SMM

SHANGHAI, Nov. 1 (SMM) --

China’s apparent consumption of refined copper was 643.7 kt in September, down 20 kt MoM, a drop of more than 3% YoY.  When China’s refined copper output maintained strong growth, significant declines in refined copper imports were the main reason behind falling apparent consumption of refined lead.  Although the SHFE/LME copper price was still low in October, the ratio improved slightly from September levels.  As China’s refined copper output is expected to remain stable in October, SMM believes refined copper apparent consumption in China will grow in October.

 

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None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

Key Words:  apparent consumption 

China September Cu Apparent Consumption Data Analysis

Data Analysis 10:57:51AM Nov 01, 2010 Source:SMM

SHANGHAI, Nov. 1 (SMM) --

China’s apparent consumption of refined copper was 643.7 kt in September, down 20 kt MoM, a drop of more than 3% YoY.  When China’s refined copper output maintained strong growth, significant declines in refined copper imports were the main reason behind falling apparent consumption of refined lead.  Although the SHFE/LME copper price was still low in October, the ratio improved slightly from September levels.  As China’s refined copper output is expected to remain stable in October, SMM believes refined copper apparent consumption in China will grow in October.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

Key Words:  apparent consumption