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Global copper smelting activity continues to recover in May

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Original title: Global copper smelting activity continued to recover in May

Foreign media news on June 5: Satellite monitoring data show that in May the smelting activities of global copper smelters hit a new high for the year, continuing the recent growth momentum.

In May, the global dispersion index reflecting global smelter activities rose to 49.4 points, an increase of 13.3% from April. When the index reaches 50, it means that smelting activity is at the average level of the past 12 months.

The increase in smelting activities coincided with a record high in copper prices. The benchmark London copper futures price has risen by 27% so far this year and hit a record high of US$1,0747.5 on May 10.

China’s dispersion index in May was 48.9 points, higher than April’s 44.3 points; China’s copper smelting activity was strong in early May, but as the Chinese smelters entered seasonal maintenance, smelting activities declined.

The European index increased from 37.7 in April to 45.7%, and the North American index increased from 33.1 to 38.9 points.

(Article source: Yangtze RiverNon-ferrous metalsnetwork)

(Editor in charge: DF506)

Solemnly declare: The purpose of this information released by Oriental Fortune.com is to spread more information and has nothing to do with this stand.

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