Copper Shipments Up 26 Percent in June

Copper shipments from service centers continued to grow compared to 2009, according to the latest data from the Copper and Brass Servicenter Association, Overland Park, Kansas. June red metals shipments of 10.2 million pounds were up 26 percent compared to the same month last year. For the first half, total copper shipments of 54.9 million pounds were up 11.2 percent from 2009.

Copper sheet shipments of 4.6 million pounds increased 40.8 percent from the previous month and were up 23.7 percent for the year-to-date. Copper plate shipments of 721,000 pounds represented a 51.5 percent increase from June 2009, and year-to-date-shipments were up 21.1 percent. Copper rod shipments of 4.5 million pounds increased 13.8 percent from the same month in 2009, though year-to-date shipments were only up 2.1 percent.

The outlier among red metals through June is copper pipe, which was off 10.2 percent from 2009. Year-to-date shipments of 1.9 million pounds remained 13.0 percent behind the pace in 2009.

Alloy shipments in June were up 23.2 percent to 14.4 million pounds. For the year-to-date, total alloy shipments of 79.1 million pounds were up 10.4 percent compared to the first six months of 2009. Shipments of 200 Series Brass sheet, other alloy sheet and 300 Series Rod and Bar were all up more than 20 percent compared to the first half of last year.

Red metals suppliers and service centers surveyed by CBSA expect the order volume over the next three months to be comparable to the second quarter. 

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Saturday, July 23, 2016