Copper Market Report November 2014
2014-12-16 18:03:06 【Print】
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Introduction 5
1. Financial Overview 5
1.1 Domestic financial overview 5
1.1.1 CPI up by 1.6% and PPI down by 2.2% in October YOY 5
1.1.2 PMI down by 0.5% in November 6
1.2 International financial overview 7
1.2.1 Crude oil futures prices tumbled by 18.6% 7
1.2.2 US dollar index slightly climbs in November 8
2 International market review 9
2.1 Copper futures on LME edge down 9
2.2 Copper inventories on LME go up following decreases 11
2.3 Europe copper scrap market moves down 12
3 Chinese domestic market review 12
3.1 Copper prices in China edge down following narrow fluctuations 12
3.2 Copper concentrate market moves down 13
3.3 Copper rod market moves down 14
3.4 Copper scrap market down 14
4 Monthly production data 15
4.1 Global refined copper output analysis 15
4.1.1 Global refined copper market in deficit by 128,000t in Jan-Sep 15
4.2 Chinese copper and copper product analysis 15
4.2.1 Chinese copper outputs down by 3.3% MOM in November 15
4.2.2 Operating rate of China’s main copper rod plants in November up by 6% MOM 16
4.2.3 Copper rod stocks in main Chinese plants up by 23.6% MOM in late November 17
5 Import data 17
5.1 Chinese copper imports in October up by 5.9% MOM 17
5.2 Chinese copper ore and concentrate imports in October down by 25.8% MOM 21
5.3 Chinese imports of copper products in October down by 9.8% MOM 25
5.4 Chinese imports of copper scraps in October down by 15% MOM 25
6 Company news 29
6.1 Copper refineries 29
6.1.1 Baiyin Nonferrous Metal Group’s expansion copper project of 200,000tpy to come on stream in October, 2015 29
6.1.2 Lianhe Copper sets its 100,000tpy expansion copper project on stream in November 29
6.1.3 Fangyuan Nonferrous Metal’s copper smelter under maintenance 29
6.2 Copper rod plants 29
6.2.1 Jiangwu New Alloy Material not to fulfill 2014 output target of copper rod 29
6.2.2 Dawufeng Copper Product November copper rod production declines 29
6.2.3 Xinke New Material to produce around 100,000t of copper rod in 2014 29
7 Related industry developments 30
7.1 China’s real estate development investment increases by 12.4% YOY in Jan-Oct 30
7.2 Automobile output in China up b y 1.9% MOM in October 30
8 Outlook for December 30
1. Financial Overview 5
1.1 Domestic financial overview 5
1.1.1 CPI up by 1.6% and PPI down by 2.2% in October YOY 5
1.1.2 PMI down by 0.5% in November 6
1.2 International financial overview 7
1.2.1 Crude oil futures prices tumbled by 18.6% 7
1.2.2 US dollar index slightly climbs in November 8
2 International market review 9
2.1 Copper futures on LME edge down 9
2.2 Copper inventories on LME go up following decreases 11
2.3 Europe copper scrap market moves down 12
3 Chinese domestic market review 12
3.1 Copper prices in China edge down following narrow fluctuations 12
3.2 Copper concentrate market moves down 13
3.3 Copper rod market moves down 14
3.4 Copper scrap market down 14
4 Monthly production data 15
4.1 Global refined copper output analysis 15
4.1.1 Global refined copper market in deficit by 128,000t in Jan-Sep 15
4.2 Chinese copper and copper product analysis 15
4.2.1 Chinese copper outputs down by 3.3% MOM in November 15
4.2.2 Operating rate of China’s main copper rod plants in November up by 6% MOM 16
4.2.3 Copper rod stocks in main Chinese plants up by 23.6% MOM in late November 17
5 Import data 17
5.1 Chinese copper imports in October up by 5.9% MOM 17
5.2 Chinese copper ore and concentrate imports in October down by 25.8% MOM 21
5.3 Chinese imports of copper products in October down by 9.8% MOM 25
5.4 Chinese imports of copper scraps in October down by 15% MOM 25
6 Company news 29
6.1 Copper refineries 29
6.1.1 Baiyin Nonferrous Metal Group’s expansion copper project of 200,000tpy to come on stream in October, 2015 29
6.1.2 Lianhe Copper sets its 100,000tpy expansion copper project on stream in November 29
6.1.3 Fangyuan Nonferrous Metal’s copper smelter under maintenance 29
6.2 Copper rod plants 29
6.2.1 Jiangwu New Alloy Material not to fulfill 2014 output target of copper rod 29
6.2.2 Dawufeng Copper Product November copper rod production declines 29
6.2.3 Xinke New Material to produce around 100,000t of copper rod in 2014 29
7 Related industry developments 30
7.1 China’s real estate development investment increases by 12.4% YOY in Jan-Oct 30
7.2 Automobile output in China up b y 1.9% MOM in October 30
8 Outlook for December 30
