According to the latest monthly report of the International Copper Industry Research Organization (ICsg), the global copper refining market was short of 15,000 tons in October 2018 and 161,000 tons in September 2018. ICSG report shows that in the first 10 months of 2018, the global copper refining market was short of 547,000 tons, compared with 224,000 tons in the same period of the previous year. In October 2018, the global output of refined copper was 1.98 million tons and the consumption was 1.99 million tons. In October, the copper stock gap of China’s tax declaration warehouse was 10,000 tons, and in September, it was 201,000 tons.