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It is reported that due to sluggish consumption, there is an oversupply of electrolytic copper this year, which is after 7 years after the consumption of electrolytic copper has decreased again, while the output is still growing, so major production enterprises have made appropriate adjustments
to production capacity.
It is understood that this is the consumption of electrolytic copper has decreased again after 7 years, while the production is still growing
.
However, the continued decline in prices has limited the increase in production, which has also affected supply and demand
.
As of July this year, there was an oversupply of 8,000 tons, which is a significant reduction
from the 19,000 tons forecast in the first half of the year.
Professionals believe that the continued decline in prices this year will affect the production of electrolytic copper, because the increasingly low prices will directly weaken the efficiency of smelters, so the related production activities will also be reduced, such as new mine development projects will be forced to be postponed, and actual production will be forced to stop
.
According to the "Global Electrolytic Copper Supply and Demand Trends" recently released by the International Copper Research Group ICSG, the total global consumption of electrolytic copper from January to July this year was 13.
081 million tons, down 1.
9% from 13.
33 million tons last year, while the output in the same period was 13.
089 million tons, an increase of 2.
5%
over 12.
767 million tons last year.
Total concentrate production was 10.
974 million tonnes, up 3.
0% year-on-year, driving the growth
of total electrolytic copper production.
In particular, the production of secondary electrolytic copper using copper scrap showed a high growth rate
.
With the change in the supply and demand of electrolytic copper, the supply in the spot market has been very tight, and although consumption shows no signs of recovery, the low price has changed the purchase psychology of consumers
.
Professionals pointed out that if manufacturers continue to make necessary adjustments to production, the oversupply of electrolytic copper will ease
next year.
It is reported that due to sluggish consumption, there is an oversupply of electrolytic copper this year, which is after 7 years after the consumption of electrolytic copper has decreased again, while the output is still growing, so major production enterprises have made appropriate adjustments
to production capacity.
It is understood that this is the consumption of electrolytic copper has decreased again after 7 years, while the production is still growing
.
However, the continued decline in prices has limited the increase in production, which has also affected supply and demand
.
As of July this year, there was an oversupply of 8,000 tons, which is a significant reduction
from the 19,000 tons forecast in the first half of the year.
Professionals believe that the continued decline in prices this year will affect the production of electrolytic copper, because the increasingly low prices will directly weaken the efficiency of smelters, so the related production activities will also be reduced, such as new mine development projects will be forced to be postponed, and actual production will be forced to stop
.
According to the "Global Electrolytic Copper Supply and Demand Trends" recently released by the International Copper Research Group ICSG, the total global consumption of electrolytic copper from January to July this year was 13.
081 million tons, down 1.
9% from 13.
33 million tons last year, while the output in the same period was 13.
089 million tons, an increase of 2.
5%
over 12.
767 million tons last year.
Total concentrate production was 10.
974 million tonnes, up 3.
0% year-on-year, driving the growth
of total electrolytic copper production.
In particular, the production of secondary electrolytic copper using copper scrap showed a high growth rate
.
With the change in the supply and demand of electrolytic copper, the supply in the spot market has been very tight, and although consumption shows no signs of recovery, the low price has changed the purchase psychology of consumers
.
Professionals pointed out that if manufacturers continue to make necessary adjustments to production, the oversupply of electrolytic copper will ease
next year.
