Copper Market Report October 2012
2012-11-12 18:15:21 【Print】
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Contents
Introduction 3
1 Financial Overview 4
1.1 Chinese domestic financial overview 4
1.1.1 CPI up by 1.9% and PPI down by 3.6% YOY in September 4
1.1.2 Chinese PMI picked up in October 5
1.2 International Financial Overview 6
1.2.1 Crude oil futures downward in October 6
1.2.2 European economy remained depressed while US dollar index rebounded in concussion 6
1.2.3 More uncertainty expected in non-ferrous metals industry due to sluggish global economy 7
2 Copper futures on LME down 8
3 Chinese domestic market overview 9
3.1 Copper prices in China drop 9
3.2 Copper concentrate prices down in oscillation 10
4 Monthly production data 11
4.1 Refined copper output data in China 11
4.1.1 Chinese refined copper output in September up by 5.87% MOM 11
4.1.2 The operating rate of Chinese copper smelters in October up by 3.8% MOM 12
4.2 Copper concentrate output data in China 14
4.3 Chinese September output of copper products up by 5% MOM 14
5 Import and export data 15
5.1 Refined copper import data in China 15
5.2 Copper concentrate import data in China 16
5.3 Copper product import data in China 17
5.4 copper scraps import data in China 18
6 Company news 20
6.1 Company news from copper refineries 20
6.1.1 Jinjian Copper to increase copper output by 2,500 tons in October 20
6.1.2 Jinsheng to produce 8,000 tons of refined copper in October 21
6.1.3 Dawufeng Jianchang Copper to increase the output by 2,000 tons in October 21
6.1.4 Zhongkai to stop production of copper concentrate in end-November 21
6.1.5 Daye Nonferrous Metals’ new project to be finished late October 21
6.1.6 Northern Copper’s annual capacity to expand to 150,000 tons 22
6.2 Company news from copper rod plants 22
6.2.1 Tianjin Dawufeng Copper Product decreases copper rod production 22
6.2.2 Jiangrun Copper to expand its capacity of copper rod to 950,000tpy 22
6.2.3 Hebei Dawufeng to add copper rod production 23
6.2.4 Xiangrui Copper Products puts its 320,000tpy copper rod into production 23
6.2.5 Quanwei (Tongling) Copper resumes production of copper rod 23
6.2.6 Ningbo Shimao Copper to build a 220,000tpy copper rod plant 24
6.2.7 Tianjin North China Electric Cable decreases copper rod 24
6.2.8 Nanjing Huaxin Nonferrous Metal reduces production of copper rod 24
6.2.9 Xinke New Material to delay its new copper rod project 24
6.2.10 Lingfeng Copper to expand copper rod capacity to 420,000tpy 25
7 Related industry developments 25
7.1 Housing appliances sales surge 25
7.2 Ford closes plants in Europe, increases investment in China further 25
8 Outlook for next month 26
Introduction 3
1 Financial Overview 4
1.1 Chinese domestic financial overview 4
1.1.1 CPI up by 1.9% and PPI down by 3.6% YOY in September 4
1.1.2 Chinese PMI picked up in October 5
1.2 International Financial Overview 6
1.2.1 Crude oil futures downward in October 6
1.2.2 European economy remained depressed while US dollar index rebounded in concussion 6
1.2.3 More uncertainty expected in non-ferrous metals industry due to sluggish global economy 7
2 Copper futures on LME down 8
3 Chinese domestic market overview 9
3.1 Copper prices in China drop 9
3.2 Copper concentrate prices down in oscillation 10
4 Monthly production data 11
4.1 Refined copper output data in China 11
4.1.1 Chinese refined copper output in September up by 5.87% MOM 11
4.1.2 The operating rate of Chinese copper smelters in October up by 3.8% MOM 12
4.2 Copper concentrate output data in China 14
4.3 Chinese September output of copper products up by 5% MOM 14
5 Import and export data 15
5.1 Refined copper import data in China 15
5.2 Copper concentrate import data in China 16
5.3 Copper product import data in China 17
5.4 copper scraps import data in China 18
6 Company news 20
6.1 Company news from copper refineries 20
6.1.1 Jinjian Copper to increase copper output by 2,500 tons in October 20
6.1.2 Jinsheng to produce 8,000 tons of refined copper in October 21
6.1.3 Dawufeng Jianchang Copper to increase the output by 2,000 tons in October 21
6.1.4 Zhongkai to stop production of copper concentrate in end-November 21
6.1.5 Daye Nonferrous Metals’ new project to be finished late October 21
6.1.6 Northern Copper’s annual capacity to expand to 150,000 tons 22
6.2 Company news from copper rod plants 22
6.2.1 Tianjin Dawufeng Copper Product decreases copper rod production 22
6.2.2 Jiangrun Copper to expand its capacity of copper rod to 950,000tpy 22
6.2.3 Hebei Dawufeng to add copper rod production 23
6.2.4 Xiangrui Copper Products puts its 320,000tpy copper rod into production 23
6.2.5 Quanwei (Tongling) Copper resumes production of copper rod 23
6.2.6 Ningbo Shimao Copper to build a 220,000tpy copper rod plant 24
6.2.7 Tianjin North China Electric Cable decreases copper rod 24
6.2.8 Nanjing Huaxin Nonferrous Metal reduces production of copper rod 24
6.2.9 Xinke New Material to delay its new copper rod project 24
6.2.10 Lingfeng Copper to expand copper rod capacity to 420,000tpy 25
7 Related industry developments 25
7.1 Housing appliances sales surge 25
7.2 Ford closes plants in Europe, increases investment in China further 25
8 Outlook for next month 26
