Monthly Copper Market Report Oct 2020

Content
1 Market Highlights 
2 Economy and Policy 
2.1 Chinese Market 
2.2 International Market 
3 Market Movements 
3.1 Chinese Market 
3.1.1 Copper concentrate prices edge up 
3.1.2 Copper cathode prices fluctuate up 
3.1.3 TCs for copper rod stable at low levels 
3.1.4 TCs for blister copper down slightly 
3.1.5 Copper scrap prices rise before dropping 
3.2 International Market 
3.2.1 LME copper price shoots up before falling 
3.2.2 LME copper inventory increases slightly 
4 Company News 
4.1 Zijin to invest $265 mln in overhaul of Serbian copper smelter 
4.2 Trafigura plans to restart Congo copper mine 
4.3 Henan Seven Star Copper completes copper tube equipment maintenance 
4.4 MMG's Congo mine pauses production to switch from sulfide to oxide ore 
4.5 Congo extends copper concentrate export ban waiver to April 2021 
4.6 Changzhou Yuanmei delays resuming copper rod production 
4.7 Ganzhou Jiangwu New Alloy resumes copper rod production 
4.8 Huludao Hongyue Northern Copper to finish equipment maintenance 
4.9 China Copper Kunming Copper resumes copper rod production 
4.10 HongTouShan Fushun Mining finishes equipment maintenance 
4.11 Shandong Hengyuan Copper not to resume copper rod production in 2020 
4.12 Yinxin Mining ordered to suspend mining for rectification 
4.13 Tianjin Dashan Copper resumes copper rod production 
4.14 Zhangjiagang United Copper cuts copper cathode output 
4.15 Jiangsu Baosheng Precision to add new copper rod production line 
4.16 MMG resumes shipments at Las Bambas after blockade 
4.17 Jiangsu Hengtong Jinggong suspends copper rod production 
4.18 Zijin Copper to perform annual equipment maintenance 
4.19 Chifeng Gold Sword launches copper smelting process upgrade and relocation project 
4.20 SDIC Jincheng Metallurgy cuts copper cathode production 
4.21 Huzhou Jiuli Electric to add copper rod production line 
4.22 Nova Resources to buy Kaz Minerals in 3 bln pound deal 
4.23 Chinalco Luoyang Copper keeps full production of copper plate and strip 
4.24 Xinjiang Wuxin Copper cuts copper cathode production 
4.25 Lanxi Zili gradually releases copper cathode capacity 
5 Producers Statistics 
5.1 Chinese refined copper producers' output up by 1.57% YOY in Oct 
5.2 Chinese refined copper producers' operating rate records 81.63% in Oct 
5.3 Chinese refined copper producers' inventory up by 117% YOY in late Oct 
5.4 Chinese copper rod producers' output down by 3.45% MOM in Oct 
5.5 Chinese copper rod producers' operating rate records 67.35% in Oct 
5.6 Chinese copper rod producers' inventory up by 1.29 times YOY in late Oct 
5.7 Chinese copper concentrate producers' output up by 8.88% YOY in Oct 
5.8 Chinese copper concentrate producers' operating rate records 88.77% in Oct 
5.9 Chinese copper concentrate producers' inventory up by 1.52 times YOY in late Oct 
6 Customs Statistics 
6.1 China's refined copper import volume rises by 60.82% YOY in Sep 
6.2 China's copper concentrate import volume up by 35.25% YOY in Sep 
6.3 China's copper scrap import volume down by 48.41% YOY in Sep 
7 Relevant Industry News 
7.1 Automobile 
7.2 Real Estates 
8 Market Outlook for Next Month 


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