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Copper Market In 33k Tonnes Deficit In October 2019 ICSG

21 Jan 2020 9:05 am
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Mumbai (Commodities Control) – The global world refined copper market showed a 33,000 tonnes deficit in October, compared with a 89,000 tonnes deficit in September, the International Copper Study Group (ICSG) said in its latest monthly bulletin.

For the first 10 months of the year, the market was in a 439,000 tonnes deficit compared with a 345,000 tonnes deficit in the same period a year earlier, the ICSG said.

World refined copper output in October was 2.07 million tonnes , while consumption was 2.11 million tonnes.

Bonded stocks of copper in China showed a 76,000 tonnes deficit in October compared with a 144,000 tonnes deficit in September.

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