WBMS: Global Copper Demand Outstrips Supply in January-May 2017

Published: Jul 20, 2017 09:32

Save

Global copper market saw supply deficit at 65,000 tonnes in January-May 2017, reported by World Bureau of Metal Statistics (WBMS).

SHANGHAI, Jul. 20 (SMM) – Global copper market saw supply deficit at 65,000 tonnes in January-May 2017, compared to 69,000 tonnes of deficit in 2016, reported by World Bureau of Metal Statistics (WBMS).

Copper inventory grew 125,000 tonnes as of late May 2017 from the level seen in late December 2016.

WBMS: Global Lead Supply Remains in Deficit of 172,000 Tonnes in January-May 2017

Rio Tinto Copper Concentrate Output Dives Remarkably in H1 2017

Global copper ore output totaled 8.3 million tonnes in the first five months of 2017, down 0.7% YoY, and that of copper cathode expanded 0.4% YoY to 9.61 million tonnes at the same period.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

SHFE copper LME copper copper prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

28 mins ago

Invoice Shortage Drove Shanghai Spot Copper Premiums From Discount to Premium

Due to a shortage of invoices dated this month at the trade end, suppliers generally raised their offer prices for cargoes with invoices dated this month, causing Shanghai spot copper premiums to shift from discounts to premiums within the day, while the transaction center for cargoes with invoices dated this month also moved higher.

28 mins ago

47 mins ago

Copper Cathode Rod Inventories Show Divergent Trends, Operating Rates Expected to Decline

【SMM Copper Cathode Rod News Flash】Copper cathode rod enterprise inventories showed divergent trends, with raw material procurement mainly based on demand, leading to a slight decline in raw material inventories; downstream cargo pick-up slowed down, pushing finished product inventories to rise. Looking ahead, pre-holiday order continuity remained weak and downstream stocking willingness was insufficient, and the operating rate of copper cathode rod is expected to further decline next week.

47 mins ago

50 mins ago

Copper Cathode Rod Producers' Operating Rate Falls 8.45% WoW Amid High Prices and Holiday Wait-and-See Sentiment

【SMM Copper Cathode Rod Update】The operating rate of copper cathode rod producers fell 8.45 percentage points WoW to 69.37% this week. Copper prices fluctuating at highs suppressed market trading activity, with new orders performing weakly and downstream new orders remaining generally subdued. In addition, with the Labour Day holiday approaching, wait-and-see sentiment among enterprises intensified, and some enterprises arranged maintenance, leading to a notable pullback in operating rates.

50 mins ago