The recent report from World Bureau of Metal Statistics mentioned that copper market recorded a surplus of 58 tonnes in January to December 2016 which follows a surplus of 141000 tonnes in the whole of 2015. Reported stocks rose during December and closed 59.1 tonnes higher than at the end of December 2015. No allowance is made in the consumption calculation for unreported stock changes, particularly in the Chinese government stockpile. 

http://www.ripplesadvisory.com click here, more and for Two days FREE TRIAL drop your missed call on -9303093093.

World mine production in January to December 2016 was 20.66 million tonnes which was 6.9% higher than in the same period in 2015. Global refined production rose to 23.46 million tonnes up 2.1 % compared with the previous year with a significant increase recorded in China (up 476 tonnes) and Spain (up 14 tonnes). 

Global consumption for January to December 2016 was 23.40 million tonnes compared with 22.83 million tonnes for the same months of 2015. Chinese apparent consumption in January to December 2016 rose by 289 tonnes to 11642 tonnes compared to the same months of 2015 and represented just under 50 % of global demand. EU28 production fell by 1.5 % and demand was 3443 tonnes, 3.2 % above the January to December 2015 total. In December 2016, refined copper production was 1994.5 tonnes and consumption was 1970.8 tonnes.