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Copper market records small deficit in January to November 2017 - ILZSG-2018 China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
1/24/2018 Copper exhibition -non-ferrous metals expo |
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The copper market recorded a deficit of 118.7 kilo tonne in January to November 2017 which follows a deficit of 102 kilo tonne in the whole of 2016. Reported stocks fell during November and closed 127 kilo tonne lower than at the end of December 2016. No allowance is made in the consumption calculation for unreported stock changes, particularly in the Chinese government stockpile.
World mine production in January to November 2017 was 18.6 million tonnes which was 0.4 per cent lower than in the same period in 2016. Global refined production for January to November 2017 was 21.57 million tonnes up 1.3 per cent compared with the previous year with a significant increase recorded in China (up 500 kilo tonne) and a reduction in Chile (down 182 kilo tonne).
Global consumption for January to November 2017 was 21.69 million tonnes compared with 21.52 million tonnes for the same months of 2016. Chinese apparent consumption in January to November 2017 rose by 187 kilo tonne to 10780 kilo tonne compared to the same months of 2016 and represented just under 50 per cent of global demand. EU28 production rose by 2.9 per cent and demand was 3081 kilo tonne, 1.8 per cent below the January to November 2016 total.
In November 2017, refined copper production was 2002.9 kilo tonne and consumption was 2023.0 kilo tonne.
-2018 China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
-Non-Ferrous Metal exhibition, 2018
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