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ICSG: Global Copper Market Supply Shortage of 31,000 Tons in August 2018

CLICK:221TIME:2018-11-27

According to foreign news on November 21, the International Copper Industry Research Organization (ICSG) said in its latest monthly report that in August 2018, the global refined copper market was short of 31,000 tons, while in July it was short of 84,000 tons.


According to ICSG, global copper supply was less than 259,000 tons in January-August, compared with less than 98,000 tons in the same period last year.


In August, the global output of refined copper was 1.96 million tons and the consumption was 1.99 million tons.


In August, there was a shortage of 64,000 tons of copper in bonded warehouses in China, compared with less than 96,000 tons in July.

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