Copper Market Report September 2016
2016-12-01 19:54:42 【Print】
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Introduction 2
1 International market review 3
1.1 LME copper prices fluctuate up 3
1.2 Copper inventories on LME rise further 3
2 Chinese domestic market review 4
2.1 Copper prices pick up in China 4
2.2 Copper concentrate prices up 5
2.3 Copper rod market sees a little bit more transactions 5
2.4 Copper scrap still in tight supply 6
3 Monthly production data 6
3.1 Global refined copper output analysis 6
3.1.1 Global refined copper market in a deficit of in a deficit of 151,000t during Jan-July 6
3.2 Chinese copper product output analysis 6
3.2.1 Operating rate of Chinese low-oxygen copper rod plants edge up to 59.9% in September 6
3.2.2 Copper rod stocks in Chinese low-oxygen copper rod plants up by 2.3% MOM in late September 7
4. Import data 9
4.1 China’s refined copper imports down by about 7.6% MOM in August 9
4.2 China’s copper ore and concentrate imports up by about 5% MOM in August 10
4.3 China’s copper scrap imports up by 12.8% MOM in August 13
5 Company news 15
5.1 Copper refineries 15
5.11Nanguo Copper's copper cathode project of phase one to go into operational at the end of 2016 15
5.12 Chifeng Yuntong increases copper cathode output in 2016 16
5.13 Guangxi Debao Copper's stocks up 16
5.2 Copper rod plants 16
5.21 Baosheng Copper's copper rod output down in August 16
5.22 Xinke New Materials Stock's copper rod output down in August 16
6.1 Total investment in real estate development up by 5.4% YOY in the first eight months 16
6.2 Total investment in power grid increased by 33.2% from January to August 17
7 Outlook for September 17
Picture 1 3-month copper on LME in August-September 3
Picture 2 Copper inventories on LME in August-September 3
Picture 3 Copper prices in Chinese market in August-September 4
Picture 4 Copper premiums in Shanghai in August-September 4
Picture 5 Copper concentrate 20%min prices in China in August-September 5
Picture 6 Operating rate of China’s low-oxygen copper rod plants in 2015-2016 7
Picture 7 Operating rates of Chinese copper rod producers in main provinces in 2015-2016 7
Picture 8Copper rod stock changes in 2015-2016 8
Picture 9 Copper rod stock changes in main provinces in 2015-2016 8
Picture 10China’s refined copper imports in 2015- 2016 9
Picture 11 Chinese imports from Chile, India, Australia and Japan in 2015-2016 9
Picture 12 Copper ore and concentrate imports in 2015-2016 11
Picture 13 Chinese imports of copper ore from Chile, Peru and Mongolia 11
Picture 14 Chinese imports of copper scrap in 2015-2016 13
Table 1 China’s copper imports in August 9
Table 2Chinese imports of copper ore and concentrate in August 11
Table 3 Major Chinese copper ore and concentrate importers in August 12
Table 4 Chinese imports of copper scrap in August 14
Table 5 Major Chinese copper scrap importers in August 15
1 International market review 3
1.1 LME copper prices fluctuate up 3
1.2 Copper inventories on LME rise further 3
2 Chinese domestic market review 4
2.1 Copper prices pick up in China 4
2.2 Copper concentrate prices up 5
2.3 Copper rod market sees a little bit more transactions 5
2.4 Copper scrap still in tight supply 6
3 Monthly production data 6
3.1 Global refined copper output analysis 6
3.1.1 Global refined copper market in a deficit of in a deficit of 151,000t during Jan-July 6
3.2 Chinese copper product output analysis 6
3.2.1 Operating rate of Chinese low-oxygen copper rod plants edge up to 59.9% in September 6
3.2.2 Copper rod stocks in Chinese low-oxygen copper rod plants up by 2.3% MOM in late September 7
4. Import data 9
4.1 China’s refined copper imports down by about 7.6% MOM in August 9
4.2 China’s copper ore and concentrate imports up by about 5% MOM in August 10
4.3 China’s copper scrap imports up by 12.8% MOM in August 13
5 Company news 15
5.1 Copper refineries 15
5.11Nanguo Copper's copper cathode project of phase one to go into operational at the end of 2016 15
5.12 Chifeng Yuntong increases copper cathode output in 2016 16
5.13 Guangxi Debao Copper's stocks up 16
5.2 Copper rod plants 16
5.21 Baosheng Copper's copper rod output down in August 16
5.22 Xinke New Materials Stock's copper rod output down in August 16
6.1 Total investment in real estate development up by 5.4% YOY in the first eight months 16
6.2 Total investment in power grid increased by 33.2% from January to August 17
7 Outlook for September 17
Picture 1 3-month copper on LME in August-September 3
Picture 2 Copper inventories on LME in August-September 3
Picture 3 Copper prices in Chinese market in August-September 4
Picture 4 Copper premiums in Shanghai in August-September 4
Picture 5 Copper concentrate 20%min prices in China in August-September 5
Picture 6 Operating rate of China’s low-oxygen copper rod plants in 2015-2016 7
Picture 7 Operating rates of Chinese copper rod producers in main provinces in 2015-2016 7
Picture 8Copper rod stock changes in 2015-2016 8
Picture 9 Copper rod stock changes in main provinces in 2015-2016 8
Picture 10China’s refined copper imports in 2015- 2016 9
Picture 11 Chinese imports from Chile, India, Australia and Japan in 2015-2016 9
Picture 12 Copper ore and concentrate imports in 2015-2016 11
Picture 13 Chinese imports of copper ore from Chile, Peru and Mongolia 11
Picture 14 Chinese imports of copper scrap in 2015-2016 13
Table 1 China’s copper imports in August 9
Table 2Chinese imports of copper ore and concentrate in August 11
Table 3 Major Chinese copper ore and concentrate importers in August 12
Table 4 Chinese imports of copper scrap in August 14
Table 5 Major Chinese copper scrap importers in August 15
