Copper Saw Deficit of 50,000 t in 2016: ICSG

Copper Saw Deficit of 50,000 t in 2016: ICSG

World refined copper balance for 2016 indicates a deficit of around 50,000 t (including revisions to data previously presented): This is mainly because of a 2.5% increase in Chinese apparent demand In developing its global market balance, ICSG uses an apparent demand calculation for China that does not take into account changes in unreported stocks [State Reserve Bureau (SRB), producer, consumer, merchant/trader, bonded]. To facilitate global market analysis, however, an additional line item—Refined World Balance Adjusted for Chinese Bonded Stock Changes—is included in the table below that adjusts the world refined copper balance based on an average estimate of changes in unreported inventories provided by three consultants with expertise in China’s copper market In 2016, the world refined copper balance adjusted for changes in Chinese bonded stocks indicates a deficit of around 42,000 t. The refined copper market balance for the month of December 2016 showed a small surplus of around 20,000 t.

Updated On 04-Apr-2017

Related Reserach News


  • Global Refined Zinc Market in Deficit: ILZSG

    According to preliminary data recently compiled by the ILZSG, the global market for refined zinc metal was in deficit by 287kt over the first eight months of 2017

    Update On 17-Oct-2017

  • Aluminium Deficit Expected to Widen

    Rating agency ICRA has mentioned that it expects widening of deficit in the global aluminium market this year as Chinese production will decline substantially on account of regulatory issues in the co...

    Update On 14-Oct-2017

  • Lead Market Witnesses Deficit So Far in 2017

    Provisional data reported to the ILZSG indicate that world refined lead metal demand exceeded supply by 119kt during the first eight months of 2017.

    Update On 14-Oct-2017

  • Tin Demand to Decline by 2% this Year: ITRI

    As per Industry group ITRI, global demand for refined tin is expected to decline by 2 per cent this year due to weakness in demand for solders from China.

    Update On 10-Oct-2017

  • Domestic Non-Ferrous Consumption Increases

    Domestic consumption for three main non-ferrous metals viz. copper, aluminium and zinc increased at about 6.7 per cent in first quarter of FY18, as per ratings agency ICRA.

    Update On 10-Oct-2017

Other Tools : 
[ Today's Prices ] [ Upcoming Tradeshows ] [ Market Research ] [ Demand and Supply ] [ About Metals ]

Import data

  • 22110 kgs. of 'Copper Wire' imported at CHENNAI SEA port in July, 2016.
  • 149540 kgs. of 'Lead Ingot' imported at MANGALORE SEA port in April, 2016.

Export data

  • 1889 kgs. of 'Copper Strip' exported from JNPT port in October, 2016.
  • 14700 kgs. of 'Brass Artware' exported from KOLKATA SEA port in June, 2016.

Project News

Tenders

Fresh
0
Live
Archived

Powered by tendertiger.com

Trade Shows