NBS: China's copper semis, cathode output both down MoM in July

China's production of semi-finished copper products retreated in July from a month earlier as the seasonal weakness weighed on end-user activity, while output of refined copper (electrolytic copper) also edged lower amid raw material constraints, Mysteel Global noted.

Output of copper semis stood at around 2.07 million tonnes last month, down 4.3% from June and 2.8% lower than a year earlier, according to new data released by the National Bureau of Statistics. Cumulative output during this year's January-July period reached some 14.02 million tonnes, down 0.8% year-on-year, reversing