首页|ICSG: Refined copper mkt in 189,000 mt surplus in Jan-April
ICSG: Refined copper mkt in 189,000 mt surplus in Jan-April
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NSTL
The apparent refined copper market surplus for the first four months of 2002 fell to 189,000 metric tons, from 219,000 tons in January-March 2001, according to preliminary data released by the International Copper Study Group, or ICSG. According to ICSG, world mine output for the first four months of 2002 was 4.267 million tons, down 3.2 percent from output for the same period of 2001. The trend of improving demand for refined copper has continued, ICSG commented, with refined usage reaching the same level in April 2002 as in April of last year. Nevertheless, the accumulated usage for the first four months of 2002 is still 2.7 percent below the level of the same period last year. Total refined copper production in the first four months of 2002 increased by 1.0 percent compared with that of a year ago, ICSG said, with primary refined copper output rising by 1.9 percent. Secondary refined production fell by 5.4 percent.
NSTL
