Monthly Copper Market Report Feb 2023
2023-03-12 20:00:02 【Print】
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Content
1 Market Highlights 1
2 Economy and Policy 1
2.1 NBS: China's ten nonferrous metals production up by 4.3% YoY in 2022 1
3 Market Movements 1
3.1 Chinese Market 1
3.1.1 Copper concentrate 25%min TC CIF China 1
3.1.2 Chinese copper concentrate 20%min price delivered 1
3.1.3 Chinese copper cathode 99.99%min price delivered 1
3.1.4 Chinese copper rod Ф8mm TC EXW 2
3.1.5 Chinese blister copper 98.5%min TC delivered 2
3.1.6 Chinese copper scrap wire 99%min price delivered 2
4 Company News 2
4.1 Shandong Jinsheng plans to resume copper rod production 2
4.2 Zhangjiagang United Copper production exceeds targets in Jan 3
4.3 Xinjiang Xinxin intends to resume copper cathode production 3
4.4 China's first copper smelting whole-process intelligent plant goes into operation 3
4.5 Changzhou Jinyuan increases output for copper rod 3
4.6 World Copper increases indicated copper resources to 75.7Mt at Zonia deposit 3
4.7 China issues Action Plan for Development of Intelligent Detection Equipment Industry (2023-2025) 3
5 Producers Statistics 3
5.1 Chinese refined copper producers 3
5.1.1 Chinese refined copper producers' operating rate down by 0.77% MoM in Feb 3
5.1.2 Chinese refined copper producers' output down by 1.02% MoM in Feb 4
5.1.3 Chinese refined copper producers' inventory down by 32.43% MoM in Feb 4
5.2 Chinese copper rod producers 5
5.2.1 Chinese copper rod producers' operating rate up by 14.74% in Feb MoM 5
5.2.2 Chinese copper rod producers' output up by 28.96% MoM in Feb 5
5.2.3 Chinese copper rod producers' inventory down by 6.84% MoM in Feb 5
5.3 Chinese copper concentrate producers 6
5.3.1 Chinese copper concentrate producers' operating rate up by 1.57% MoM in Feb 6
5.3.2 Chinese copper concentrate producers' output up by 2.04% MoM in Feb 6
5.3.3 Chinese copper concentrate producers' inventory down by 8.78% MoM in late Feb 7
6 Customs Statistics 7
6.1 China's copper cathode (Cu≥99.9935%) export volume decreased 35.45% YoY in Dec 2022 7
6.2 China's copper concentrate import volume fell 12.80% MoM in Dec 2022 8
6.3 China's copper rod export volume grew 50.64% MoM in Dec 2022 8
6.4 China's copper scrap import volume declined 13.89% YoY in Dec 2022 9
7 Relevant Industry News 10
7.1 Anglo American achieves 52% increase YoY in copper production 10
7.2 Capstone expects to produce 170-190kt of copper in 2023 10
7.3 IMF raises forecast for global economic growth in 2023 to 2.9% 10
7.4 Sichuan releases general plan for mineral resources in 2021-2025 10
7.5 Canada initiates re-investigations on copper pipe fittings from China, U.S, S. Korea 10
7.6 China aims to achieve 450Mt recycling and reutilization volume of major renewable resources by 2025 10
8 Market Outlook for Next Month 11
8.1 Copper Concentrate 25%min TC CIF China 11
Chinese copper concentrate 20%min price delivered 11
8.3 Chinese copper cathode 99.99%min price delivered 11
8.4 Chinese copper rod Ф8mm TC EXW 11
8.5 Chinese blister copper 98.5%min TC delivered 11
8.6 Chinese copper scrap wire 99%min price delivered 11
Graph Content
Graph 1 TC for imported copper concentrate 25%min in Chinese market from 01/02/2023 to 28/02/2023 (USD/t) 1
Graph 2 Chinese copper concentrate 20%min price trend from 01/02/2023 to 28/02/2023 (RMB/metal ton) 1
Graph 3 Chinese copper cathode 99.99%min spot price trend from 01/02/2023 to 28/02/2023 (RMB/t) 2
Graph 4 TCs for copper rod Ф8mm in Chinese market from 01/02/2023 to 28/02/2023 (EXW, RMB/t) 2
Graph 5 TCs for blister copper 98.5% min in Chinese market from 01/02/2023 to 28/02/2023 (RMB/t) 2
Graph 6 Chinese copper scrap wire 99%min price trend from 01/02/2023 to 28/02/2023 (RMB/t) 2
Graph 7 Chinese refined copper producers' operating rate by month from 01/02/2023 to 28/02/2023 (%) 3
Graph 8 Chinese refined copper producers' operating rate by region by month from 01/02/2023 to 28/02/2023 (%) 4
Graph 9 Chinese refined copper producers' output by month from 01/02/2023 to 28/02/2023 (tonne) 4
Graph 10 Chinese refined copper producers' output by region by month from 01/02/2023 to 28/02/2023 (tonne) 4
Graph 11 Chinese refined copper producers' inventory by month from 01/02/2023 to 28/02/2023 (tonne) 4
Graph 12 Chinese refined copper producers' inventory by region by month from 01/02/2023 to 28/02/2023 (tonne) 4
Graph 13 Chinese copper rod producers' operating rate by month from 02/02/2023 to 28/02/2023 (%) 5
Graph 14 Chinese copper rod producers' operating rate by region by month from 02/02/2023 to 28/02/2023 (%) 5
Graph 15 Chinese copper rod producers' output by month from 02/02/2023 to 28/02/2023 (tonne) 5
Graph 16 Chinese copper rod producers' output by region by month from 02/02/2023 to 28/02/2023 (tonne) 5
Graph 17 Chinese copper rod producers' inventory by month from 02/02/2023 to 28/02/2023 (tonne) 5
Graph 18 Chinese copper rod producers' inventory by region by month from 02/02/2023 to 28/02/2023 (tonne) 6
Graph 19 Chinese copper concentrate producers' operating rate by month from 02/02/2023 to 28/02/2023 (%) 6
Graph 20 Chinese copper concentrate producers' operating rate by region by month from 02/02/2023 to 28/02/2023 (%) 6
Graph 21 Chinese copper concentrate producers' output by month from 02/02/2023 to 28/02/2023 (metal ton) 6
Graph 22 Chinese copper concentrate producers' output by region by month from 02/02/2023 to 28/02/2023 (metal ton) 6
Graph 23 Chinese copper concentrate producers' inventory by month from 02/02/2023 to 28/02/2023 (metal ton) 7
Graph 24 Chinese copper concentrate producers' inventory by region by month from 02/02/2023 to 28/02/2023 (metal ton) 7
Graph 25 China's export volume of copper cathode (Cu≥99.9935%) in previous 13 months 7
Graph 26 China's export volume of copper cathode (Cu≥99.9935%) to top three countries in previous 13 months 7
Graph 27 China's import volume of copper concentrate in previous 13 months 8
Graph 28 China's import volume of copper concentrate from top three countries in previous 13 months 8
Graph 29 China's export volume of copper rod in previous 13 months 8
Graph 30 China's export volume of copper rod to top three countries in previous 13 months 9
Graph 31 China's import volume of copper scrap in previous 13 months 9
Graph 32 China's import volume of copper scrap from top three countries in previous 13 months 10
1 Market Highlights 1
2 Economy and Policy 1
2.1 NBS: China's ten nonferrous metals production up by 4.3% YoY in 2022 1
3 Market Movements 1
3.1 Chinese Market 1
3.1.1 Copper concentrate 25%min TC CIF China 1
3.1.2 Chinese copper concentrate 20%min price delivered 1
3.1.3 Chinese copper cathode 99.99%min price delivered 1
3.1.4 Chinese copper rod Ф8mm TC EXW 2
3.1.5 Chinese blister copper 98.5%min TC delivered 2
3.1.6 Chinese copper scrap wire 99%min price delivered 2
4 Company News 2
4.1 Shandong Jinsheng plans to resume copper rod production 2
4.2 Zhangjiagang United Copper production exceeds targets in Jan 3
4.3 Xinjiang Xinxin intends to resume copper cathode production 3
4.4 China's first copper smelting whole-process intelligent plant goes into operation 3
4.5 Changzhou Jinyuan increases output for copper rod 3
4.6 World Copper increases indicated copper resources to 75.7Mt at Zonia deposit 3
4.7 China issues Action Plan for Development of Intelligent Detection Equipment Industry (2023-2025) 3
5 Producers Statistics 3
5.1 Chinese refined copper producers 3
5.1.1 Chinese refined copper producers' operating rate down by 0.77% MoM in Feb 3
5.1.2 Chinese refined copper producers' output down by 1.02% MoM in Feb 4
5.1.3 Chinese refined copper producers' inventory down by 32.43% MoM in Feb 4
5.2 Chinese copper rod producers 5
5.2.1 Chinese copper rod producers' operating rate up by 14.74% in Feb MoM 5
5.2.2 Chinese copper rod producers' output up by 28.96% MoM in Feb 5
5.2.3 Chinese copper rod producers' inventory down by 6.84% MoM in Feb 5
5.3 Chinese copper concentrate producers 6
5.3.1 Chinese copper concentrate producers' operating rate up by 1.57% MoM in Feb 6
5.3.2 Chinese copper concentrate producers' output up by 2.04% MoM in Feb 6
5.3.3 Chinese copper concentrate producers' inventory down by 8.78% MoM in late Feb 7
6 Customs Statistics 7
6.1 China's copper cathode (Cu≥99.9935%) export volume decreased 35.45% YoY in Dec 2022 7
6.2 China's copper concentrate import volume fell 12.80% MoM in Dec 2022 8
6.3 China's copper rod export volume grew 50.64% MoM in Dec 2022 8
6.4 China's copper scrap import volume declined 13.89% YoY in Dec 2022 9
7 Relevant Industry News 10
7.1 Anglo American achieves 52% increase YoY in copper production 10
7.2 Capstone expects to produce 170-190kt of copper in 2023 10
7.3 IMF raises forecast for global economic growth in 2023 to 2.9% 10
7.4 Sichuan releases general plan for mineral resources in 2021-2025 10
7.5 Canada initiates re-investigations on copper pipe fittings from China, U.S, S. Korea 10
7.6 China aims to achieve 450Mt recycling and reutilization volume of major renewable resources by 2025 10
8 Market Outlook for Next Month 11
8.1 Copper Concentrate 25%min TC CIF China 11
Chinese copper concentrate 20%min price delivered 11
8.3 Chinese copper cathode 99.99%min price delivered 11
8.4 Chinese copper rod Ф8mm TC EXW 11
8.5 Chinese blister copper 98.5%min TC delivered 11
8.6 Chinese copper scrap wire 99%min price delivered 11
Graph Content
Graph 1 TC for imported copper concentrate 25%min in Chinese market from 01/02/2023 to 28/02/2023 (USD/t) 1
Graph 2 Chinese copper concentrate 20%min price trend from 01/02/2023 to 28/02/2023 (RMB/metal ton) 1
Graph 3 Chinese copper cathode 99.99%min spot price trend from 01/02/2023 to 28/02/2023 (RMB/t) 2
Graph 4 TCs for copper rod Ф8mm in Chinese market from 01/02/2023 to 28/02/2023 (EXW, RMB/t) 2
Graph 5 TCs for blister copper 98.5% min in Chinese market from 01/02/2023 to 28/02/2023 (RMB/t) 2
Graph 6 Chinese copper scrap wire 99%min price trend from 01/02/2023 to 28/02/2023 (RMB/t) 2
Graph 7 Chinese refined copper producers' operating rate by month from 01/02/2023 to 28/02/2023 (%) 3
Graph 8 Chinese refined copper producers' operating rate by region by month from 01/02/2023 to 28/02/2023 (%) 4
Graph 9 Chinese refined copper producers' output by month from 01/02/2023 to 28/02/2023 (tonne) 4
Graph 10 Chinese refined copper producers' output by region by month from 01/02/2023 to 28/02/2023 (tonne) 4
Graph 11 Chinese refined copper producers' inventory by month from 01/02/2023 to 28/02/2023 (tonne) 4
Graph 12 Chinese refined copper producers' inventory by region by month from 01/02/2023 to 28/02/2023 (tonne) 4
Graph 13 Chinese copper rod producers' operating rate by month from 02/02/2023 to 28/02/2023 (%) 5
Graph 14 Chinese copper rod producers' operating rate by region by month from 02/02/2023 to 28/02/2023 (%) 5
Graph 15 Chinese copper rod producers' output by month from 02/02/2023 to 28/02/2023 (tonne) 5
Graph 16 Chinese copper rod producers' output by region by month from 02/02/2023 to 28/02/2023 (tonne) 5
Graph 17 Chinese copper rod producers' inventory by month from 02/02/2023 to 28/02/2023 (tonne) 5
Graph 18 Chinese copper rod producers' inventory by region by month from 02/02/2023 to 28/02/2023 (tonne) 6
Graph 19 Chinese copper concentrate producers' operating rate by month from 02/02/2023 to 28/02/2023 (%) 6
Graph 20 Chinese copper concentrate producers' operating rate by region by month from 02/02/2023 to 28/02/2023 (%) 6
Graph 21 Chinese copper concentrate producers' output by month from 02/02/2023 to 28/02/2023 (metal ton) 6
Graph 22 Chinese copper concentrate producers' output by region by month from 02/02/2023 to 28/02/2023 (metal ton) 6
Graph 23 Chinese copper concentrate producers' inventory by month from 02/02/2023 to 28/02/2023 (metal ton) 7
Graph 24 Chinese copper concentrate producers' inventory by region by month from 02/02/2023 to 28/02/2023 (metal ton) 7
Graph 25 China's export volume of copper cathode (Cu≥99.9935%) in previous 13 months 7
Graph 26 China's export volume of copper cathode (Cu≥99.9935%) to top three countries in previous 13 months 7
Graph 27 China's import volume of copper concentrate in previous 13 months 8
Graph 28 China's import volume of copper concentrate from top three countries in previous 13 months 8
Graph 29 China's export volume of copper rod in previous 13 months 8
Graph 30 China's export volume of copper rod to top three countries in previous 13 months 9
Graph 31 China's import volume of copper scrap in previous 13 months 9
Graph 32 China's import volume of copper scrap from top three countries in previous 13 months 10
