GLOBAL COPPER MARKET SHOWS 25,000 MT DEFICIT IN NOVEMBER: ICSG
Washington (Platts)--23 Feb 2016 848 am EST/1348 GMT
The global refined copper market for November 2015, excluding changes in China's bonded stocks, showed a small apparent production deficit of around 25,000 mt, according to preliminary data released Monday by the International Copper Study Group.
When making seasonal adjustments for world refined production and usage, November showed a small production surplus of 20,000 mt, the Lisbon-based research group said.
The refined copper balance for the first 11 months of 2015, including revisions to previously released data, indicates a production surplus of around 50,000 mt (and a seasonally adjusted surplus of about 170,000 mt).
That compares with a production deficit of around 545,000 mt (a seasonally adjusted deficit of about 430,000 mt) for the same period of 2014..
When making seasonal adjustments for world refined production and usage, November showed a small production surplus of 20,000 mt, the Lisbon-based research group said.
The refined copper balance for the first 11 months of 2015, including revisions to previously released data, indicates a production surplus of around 50,000 mt (and a seasonally adjusted surplus of about 170,000 mt).
That compares with a production deficit of around 545,000 mt (a seasonally adjusted deficit of about 430,000 mt) for the same period of 2014..
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