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Copper Market Deficit 186,000 T in Jan/July - ICSG
NEW YORK, Oct. 21 -- World refined copper consumption exceeded production by 186,000 tonnes between January and July this year, versus a deficit of 207,000 tonnes in the same year-ago period, the International Copper Study Group said in its latest monthly bulletin.
World refined copper consumption and supply trends, 2008-2009, in thousands of tonnes:
|
|
Jan. - July 2008
|
Jan. - July 2009
|
|
World mine production
|
8,760
|
8,967
|
|
World mine capacity
|
10,870
|
11,351
|
|
Mine capacity utilization (%)
|
80.6
|
79.0
|
|
Primary refined production
|
8,945
|
8,914
|
|
Secondary refined production
|
1,610
|
1,526
|
|
Refined production (secondary +primary)
|
10,555
|
10,440
|
|
World refinery capacity
|
13,013
|
13,550
|
|
Refinery capacity utilization (%)
|
81.1
|
77.0
|
|
World refined consumption (1)
|
10,762
|
10,626
|
|
Refined stocks (end of period)
|
879
|
1,004
|
|
Period stock change
|
-148
|
-154
|
|
Refined surplus/deficit (2)
|
-207
|
-186
|
|
Refined surplus/deficit (seasonally adjusted) (3)
|
37
|
62
|
(1) = Based on EU apparent usage
(2) = Surplus or deficit is calculated using total refined production minus refined consumption.
(3) = Surplus/deficit is calculated using seasonally adjusted refined production minus seasonally adjusted refined usage.
(Source: Reuters)
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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