Shopping Cart

China Jan-Feb annual copper output up, but virus takes down daily rate 15% from Dec

Hellenicshippingnews - China’s refined copper production rose 2.8% on the year in the first two months of 2020, official data showed on Tuesday, but the daily rate fell more than 15% from December, as smelters reduced loads amid a coronavirus outbreak.

China, the world’s biggest copper consumer, churned out 1.527 million tonnes of the metal in January and February combined, the National Bureau of Statistics said.

The bureau does not typically report individual monthly figures for January and February due to distortions from the Lunar New Year holiday, which was extended this year in a bid to halt the spread of the virus.

The production rate works out at 25,450 tonnes of refined copper a day, Reuters calculations show, down 15.2% from a monthly record high of 30,000 tonnes in December, and the lowest daily rate since May 2019.

The virus, which originated in the central province of Hubei, sparked fears over copper demand, but the main problem for smelters was an inability to sell off rising inventories of byproduct sulphuric acid, leaving them short of storage space.

“Hubei is the main production area of phosphate fertilizer in China, accounting for about a third of total production,” Xiaoxiong He, associate director at IHS Markit, said in an email.

Continue reading...

Tokyo Steel to cut product prices by 6-11% in A...
Older post
Linklaters advised Chinese steelmaker on Britis...
Newer post
T-SHIRTS & BLOUSES
Sweatshirts
BLACKERY PRESENT NEW COLLECTION 2019

This is Photoshop's version of Lorem Ipsum. Proin gravida nibh vel velit auctor aliquet. Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum.


Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctora ornare odio. Sed non mauris vitae erat consequat auctor eu in elit. Class aptent taciti sociosqu ad litora torquent per conubia nostra. , per inceptos himenaeos. Mauris in erat justo. Nullam ac urna eu felis dapibus

This is a cookie agreement request — you can customize it or disable on the backoffice. Cookies help us to provide you the best experience using our website.

Client service

OUR CONTACTS:

We're available by phone (877) 350-0771 every day from 9 am. - 9 p.m. ET.

HOURS: Monday - Friday 8AM - 5PM
Saturday - Sunday Online
Holidays Online

(877) 350-0771

support@metals.com

1420 Kettner Blvd #100 San Diego, CA 92101

PAYMENTS:

Credit Card: Visa, MasterCard, Maestro, American Express

Back To Top
Do you like any template? Apply its settings to your store — just select the template you like and press the «Apply» button of the desirable one. Templates can be switched at any time.
Applying a new template overrides the settings. Press «Copy» and paste it into any text file to save your current settings.

Export

Import

Import