首页|ICSG: Refined copper mkt in 18,000 MT deficit in May 2002
ICSG: Refined copper mkt in 18,000 MT deficit in May 2002
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NSTL
The refined copper market was in a 18,000 metric tons deficit in May 2002, close to the 13,000 tons deficit reported in April, preliminary data released by the International Copper Study Group, or ICSG, said.According to ICSG data, the refined copper surplus for the first five months of 2002 fell to 167,000 tons from a surplus of 50,000 tons in the January to May period of 2001. Average daily usage and output remained at the same levels as those from the previous month, ICSG said, with the accumulated usage for January to May 2002 seen as just 0.7 percent below the level for the same period last year. Total refined copper production in the first five months of 2002 increased by 1.1 percent compared with that of a year ago: primary refined production went up by 2.7 percent, while secondary refined production fell by 10.6 percent, ICSG said. "Of the major producers, only the U.S. reduced refined copper output significantly," ICSG added.
NSTL
