Copper Market Report August 2017

Content

Abstract 2
1 International market review 2
1.1 LME copper price up sharply 2
1.2 Copper cathode inventory on LME decreases considerably 2
2 Chinese market review 2
2.1 Copper cathode prices rise conspicuously 2
2.2 Price coefficient for copper concentrate remains unchanged 3
2.3 Demand for copper rod continuously weakens 3
2.4 Price coefficient for imported copper scrap edges up 3
3 Supply and demand data analysis 3
3.1 Chinese low-oxygen copper rod plants’ output down by about 5.4% MOM in August 3
3.2 Chinese low-oxygen copper rod producers’ stocks up by about 32.4% MOM in late August 2017 4
3.3 China’s refined copper output up by about 4.2% MOM in August 5
3.4 China’s refined copper producers’ stocks down by around 29.9% YOY in late August 5
4 Import and export data analysis 6
4.1 China’s copper ore and concentrate imports up by about 2.8% YOY in July 2017 6
4.2 China’s refined copper imports up by about 4.4% MOM in July 7
4.3 China’s copper scrap imports down by about 15.6% MOM in July 2017 8
5 Company news 9
6 Market outlook 9
7 Appendix 9


Graph content

Picture 1 3-month copper price on LME from Jul 2017 to Aug 2017 2
Picture 2 Copper cathode inventory on LME from Jul 2017 to Aug 2017 2
Picture 3 Spot copper prices in Chinese market from Jul 2017 to Aug 2017 2
Picture 4 Copper premiums in Shanghai from Jul 2017 to Aug 2017 3
Picture 5 Spot copper concentrate price trend in China from Jul 2017 to Aug 2017 3
Picture 6 China’s monthly output of low-oxygen copper rod from Jan 2016 to Aug 2017 4
Picture 7 China’s low-oxygen copper rod monthly output by region from Jan 2016 to Aug 2017 4
Picture 8 Chinese low -oxygen copper rod producers’ stocks by month from Jan 2016 to Aug 2017 4
Picture 9 Chinese low -oxygen copper rod producers’ stocks by month and region from Jan 2016 to Aug 2017 4
Picture 10 China’s copper cathode outputs by month from Jan 2016 to Aug 2017 5
Picture 11 China’s copper cathode outputs by month and region from Jan 2016 to Aug 2017 5
Picture 12 Chinese refined copper producers’ copper cathode stocks from Jan 2016 to Aug 2017 5
Picture 13 Chinese refined copper producers’ copper cathode stocks by province from Jan 2016 to Aug 2017 5
Picture 14 China's imports of copper ore and concentrate by month from Jan 2016 to Jul 2017 6
Picture 15 China’s monthly imports of copper ore and copper concentrate by major origin country from Jan 2016 to Jul 2017 6
Picture 16 China’s refined copper imports by month from Jan 2016 to Jul 2017 7
Picture 17 China’s refined copper imports by origin country from Jan 2016 to Jul 2017 7
Picture 18 China’s copper scrap imports by month from Jan 2016 to Jul 2017 8
Picture 19 China’s copper scrap imports by major origin county/region from Jan 2016 to Jul 2017 8

Table content

Table 1 China's copper ore and concentrate imports by country in July 2017 6
Table 2 China’s imports for refined copper by country in July 2017 7
Table 3 China’s imports for copper scrap by country/region in July 2017 8
Table 4 China’s main copper ore importers in July 9
Table 5 China’s main refined copper importers in July 10
Table 6 China’s main copper scrap importers in July 11

.Asian Metal Copyright2% MOM in August 5 3Asian Metal Copyright