The demand of copper goes continually up in China
According to the latest evaluation ,in 2018,the demand for refined copper was forecast to increase by 3.6% to 11.15million tonnes from 10.76 million tonnes this year ,which copper inventories increased 18% to 127 thousand tonnes .
Furthermore ,ICSG(International Copper Study Group) said that in 2017 and 2018, the increase production of global refined copper came mainly from China which has become the largest producer .In terms of consumption ,the demand forecast of apparent copper in 2017 will increase by 1% ,but the growth in 2018 was expected to reach 3% . In 2017 and 2018,while global copper demand outside China will be projected to grow by 0.5% and 1.5% respectively .
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