May 28, 2014
Copper Shipments Still Up, Alloy Shipments Down
The early-2014 trend of increasing copper shipments and declining alloy shipments continued in April, reports the Copper and Brass Servicenter Association, Overland Park, Kan. Copper shipments increased 7.0 percent to 11.6 million pounds in April from the previous year, while alloy shipments declined 9.8 percent to 11.5 million pounds. Compared to March, copper shipments were up 7.0 percent and alloy shipments were flat.
Through four months, total copper shipments increased 7.3 percent to 45.5 million tons. Alloy shipments decreased 9.6 percent to 44.2 million pounds. Altogether, warehouse shipments declined 2.0 percent in April to 23.0 million pounds, while the full-year figure of 89.7 million pounds was down 1.8 percent.
Copper products showing the greatest gains through four months included plate, up 12.5 percent to 2.1 million pounds, and sheet, up 9.6 percent to 18.7 million pounds. All alloy products were down significantly through four months except other rod and bar, up 11.0 percent to 3.5 million pounds.
In April, copper rod demonstrated the biggest gain compared to the previous month, up 14.0 percent to 6.5 million pounds. Other alloy sheet declined 24.6 percent from March to 807,000 pounds.