Our No Deal
Brexit planning comprises two parts:
Customs Duty Deferment:
applied for and been granted an EORI number and Customs Duty Deferment Approval
Number. This means that any freight forwarder can preclear our goods through UK
customs without having to obtain prior authorization or payment.
copper is imported from Europe, either directly or indirectly.
transport disruption in the event of a No Deal Brexit we will be increasing our
stock of copper products and we are asking all of our customers to place
forward orders for April, May and June 2019 to ensure that we are holding
Great Company. Quick Service. Will use again. Thank you.
Very unusual for price and stocks to fall at the same time, indicates the pressure on commodities of the USA trade wars.
Copper price fell to level not seen since last September ove increasing concern about impact on global economy of USA tariffs.
Copper LME up nearly 10% over the last week to a value not seen since 2011.
Stable stock levels indicate that this is not caused by demand / supply issues.
Our new ISO 9001:2015 and ISO14001:2015 certificates are now available for download from our web site.
A big increase in copper stocks causes a corresponding drop in the LME value of copper.
The LME value is now back to where it was last November but with stocks back to where they were last May there is probably further falls ahead for LME value.
Continuing copper shortages have pushed the price of copper back to where it was last August.
Political issues, wage disputes and environmental issues have combined to cause persistent supply issues so I expect the price of copper to carry on increasing until supply catches up.