Copper market in 53,000 tonnes deficit in Jan 2014 - ICSG

Wed, 23 Apr 17:34:00 GMT

LONDON, Apr 23, The global world refined copper market showed a 53,000 tonnes deficit in January, compared with a 17,000 tonnes surplus in December, the International Copper Study Group (ICSG) said in its latest monthly bulletin.

For the first month of the year, the market was in a 53,000 tonnes deficit compared with a 70,000 tonnes surplus in the same period a year earlier, the ICSG said.

World refined copper output in January was 1.81 million tonnes , while consumption was 1.87 million tonnes.

Bonded stocks of copper in China showed a 23,000 tonnes deficit in January compared with a 57,000 tonnes surplus in December.