首页|BMS: Refined Copper Seen In 200,000-250,000 MT deficit
BMS: Refined Copper Seen In 200,000-250,000 MT deficit
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NSTL
The refined copper market is expected to record a market deficit of around 200,000-250,000 metric tons in 2003, analysts at Bloomsbury Mineral Economics estimated, although this is still not enough to make an impression on the huge overhang of visible stocks. "This being the case, we see little prospect of prices rising for more than short periods above a 1,750-1,850 dollars/ton range at any point in this economic cycle," BMS said.After what is increasingly looking like a false start to market recovery in the early part of this year, a lull in copper consumption growth through the summer is expected, bar any summer is expected, bar any major surprises from China, BMS said.
NSTL
