Refined copper market had large surplus in February, ICSG says

April 30 (Reuters) - The global refined copper market showed a surplus of 226,000 metric tons in February compared with a deficit of 30,000 tons in the previous month, the International Copper Study Group (ICSG) said on Tuesday.

When adjusted for changes in inventory in Chinese bonded warehouses, there was a surplus of 256,000 tons in February compared with a deficit of 25,000 tons in January, the ICSG said.

World refined copper output totalled 2.19 million tons, while consumption was 1.96 million tons in February, it added.

The global copper market faces a surplus of 162,000 tons this year and 94,000 tons in 2025, the ICSG said on Monday. (Reporting by Anushree Mukherjee in Bengaluru; editing by Paul Simao)