CBSA: Copper, Brass Shipments Continue 2010 Increase
Shipments of red metals continued their yearlong climb in September, according to the latest report from the Copper and Brass Servicenter Association, Overland, Park, Kansas. For all products, warehouse shipments of 22.8 million pounds were up 12.7 percent compared to September 2009. For the year to date, total warehouse shipments of 203.5 million pounds were 22.9 percent higher than last year.
Copper shipments of 9.3 million pounds were up 14.0 percent from last year, and the year-to-date total remains 19.0 percent higher. Copper plate shipments of 664,000 pounds in September were a 33.3 percent jump from 2009.
Alloy shipments of 13.5 million tons were up 11.9 percent over the same period in 2009. For the year, alloy shipments of 119 million pounds represent a 25.7 percent increase.
Suppliers and distributors have differing views on what to expect for the balance of the year, according to a CBSA survey. More than half of service center operators expect incoming orders to increase or hold steady during the fourth quarter, while two-thirds of suppliers anticipate decreasing orders during the final three months of the year.