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Russian producers reduced export of copper

30 March 2013
Russian producers reduced export of copper

Customs structures of the Russian Federation

prepared report on foreign trade operations in the sector of non-ferrous metals

over the past from the beginning of the year 2 months. According to their report, the period from

January to February (inclusive) showed a negative trend regarding exports

copper two categories according to the commodity nomenclature foreign trade for refined metal

untreated copper alloy (HS code 7403) and wire (HS code 7408).

During this period, local producers sold to foreign buyers 79.7 thousand

tons of the red metal these types, which is 3% less than similar indicators for

the same period of 2012. The yield from trading on copper for

Russian companies, in contrast, increased total sales in the sector

increased from 607 million USD

in the past year to the level of $ 625 million in the current.

Market experts note that in recent months

there has been a significant decline in interest of foreign buyers of copper to

products of Russian manufacturers. Analysts say that for the last 6 years

the volume of Russian exports of copper by the above mentioned categories fall below

$ 80 thousand tons of only once — in 2011 when over the same

period of time the country had exported just 75,8 thousand tons of red

metal.

30 March 2013
1 April 2013