WBMS: Copper market records surplus in January to December 2018

The copper market recorded a surplus of 496kt in January to December 2018, which follows a surplus of 138kt in the whole of 2017.Asian Metal CopyrightThe copper market recorded a surplus of 496kt in January to December 2018, which follows a surplus of 138kt in the whole of 2017.Asian Metal Copyright Reported stocks fell during December and closed 201kt lower than at the end of December 2017.Asian Metal Copyright66 million tonnes, up 1.Asian Metal Copyright These decreases included net deliveries of 2kt out of LME warehouses.Asian Metal Copyright No allowance is made in the consumption calculation for unreported stock changes, particularly in the Chinese government stockpile.Asian Metal Copyright No allowance is made in the consumption calculation for unreported stock changes, particularly in the Chinese government stockpile.

World mine production in January to December 2018 was 20.71 million tonnes, which was 2.Asian Metal Copyright3 per cent above the January to December 2017 total.Asian Metal Copyright1 per cent higher than in the same period in 2017.Asian Metal Copyright Chinese apparent demand for the period January to December 2018 was 12.Asian Metal Copyright Global refined production for January to December 2018 was 23.Asian Metal Copyright4kt and consumption was 2,088.Asian Metal Copyright66 million tonnes, up 1.Asian Metal Copyright EU28 production fell by 1.Asian Metal Copyright1 per cent compared with the previous year, with a significant increase recorded in Zambia (up 97kt), in Chile (up 31kt) and in Iran (up 71kt).

Global consumption for January to December 2018 was 23.17 million tonnes compared with 23.Asian Metal Copyright1 per cent compared with the previous year, with a significant increase recorded in Zambia up 97kt, in Chile up 31kt and in Iran up 71kt.Asian Metal Copyright26 million tonnes for the same months of 2017.Asian Metal Copyright No allowance is made in the consumption calculation for unreported stock changes, particularly in the Chinese government stockpile.Asian Metal Copyright Chinese trade data for December 2018 is now available following a six-month delay for technical reasons.Asian Metal Copyright EU28 production fell by 1.Asian Metal Copyright Chinese apparent demand for the period January to December 2018 was 12.Asian Metal CopyrightThe copper market recorded a surplus of 496kt in January to December 2018, which follows a surplus of 138kt in the whole of 2017.Asian Metal Copyright482kt, which was 5.Asian Metal Copyright8kt.Asian Metal Copyright9 per cent higher than the whole of 2017.Asian Metal Copyright3 per cent above the January to December 2017 total.Asian Metal Copyright EU28 production fell by 1.Asian Metal Copyright In December 2018, refined copper production was 2,107.Asian Metal Copyright5 per cent and demand was 3,413kt, 2.Asian Metal Copyright4kt and consumption was 2,088.Asian Metal Copyright3 per cent above the January to December 2017 total.

In December 2018, refined copper production was 2,107.4kt and consumption was 2,088.Asian Metal Copyright5 per cent and demand was 3,413kt, 2.Asian Metal Copyright8kt.

.Asian Metal Copyright Reported stocks fell during December and closed 201kt lower than at the end of December 2017Asian Metal Copyright