July's production 10,000 tonnes lower than August? Does it mean a slowdown in growth?

摘要

According to latest CNI-A's production data, China produced 242,011 tonnes of refined copper in July, 10,271 tonnes lower compared with the preliminary data 252,282 tonnes released last month. From the historical data, we found that July's production is seasonally 1,000-5,000 tonnes lower than June's production. But, this year, the decrease is the biggest decrease. Does this mean production growth rate to slow down in the next few months? Let's closely watch the production data in the next few months.