Copper Market Report March 2014
2014-04-18 17:31:48 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
Content
Introduction 4
1 Financial overview 4
1.1 Domestic financial overview 4
1.1.1 CPI rises by 2.5% YOY, PPI declines by 1.6% YOY in January 4
1.1.2 PMI continues to fall in February 5
1.2 International financial overview 6
1.2.1 Frigid weather in North America boosts rebound of crude oil future price 6
1.2.2 US dollar index weakens unexpectedly 7
2 International market overview 8
2.1 Copper futures on the LME decline 8
2.2 Copper inventories on the LME fall 9
2.3 Copper scrap market drops 10
3 Chinese domestic market overview 10
3.1 Copper prices in China decline 10
3.2 Copper concentrate market drops 12
3.3 Copper rod prices decrease significantly 13
3.3.1 Operating rate of Chinese main copper rod plants in March up by 46% MOM 13
3.3.2 Copper rod stocks in Chinese main plants down by 28% MOM in March 14
3.4 Copper scrap prices decline 15
4 Monthly production data 15
4.1 Global refined copper output analysis 15
4.1.1 Global refined copper market to be in surplus of 405,000t in 2014 15
5 Import and export data 16
5.1 Chinese copper imports in February down by 30% MOM 16
5.2 Chinese imports of copper ore in February down by 27% MOM 18
5.3 Chinese imports of copper product in February down by 21% MOM 19
5.4 Chinese imports of copper scrap in February down by 23% MOM 20
6 Company news 22
6.1 Copper refineries 22
6.1.1 Sesa Sterlite to shut copper smelter in late April 22
6.1.2 Nemont cut production by 70% at its Indonesian copper and gold mine 23
6.1.3 Jinchuan declares force majeure on copper concentrate purchases 23
6.2 Copper rod plants 23
6.2.1 Jiangrun Copper March copper rod output up by 100% MOM 23
6.2.2 Hengyuan Copper March copper rod output up by 133% 23
6.2.3 Huaxin Nonferrous Metal March copper rod output up by 40% MOM 23
6.2.4 Ruixin Copper to come on stream in May 24
7 Related industry developments 24
7.1 Domestic real estate market cools down further 24
7.2 China’s household appliance export volume reduces in Jan-Feb 24
8 Outlook for April 25
Introduction 4
1 Financial overview 4
1.1 Domestic financial overview 4
1.1.1 CPI rises by 2.5% YOY, PPI declines by 1.6% YOY in January 4
1.1.2 PMI continues to fall in February 5
1.2 International financial overview 6
1.2.1 Frigid weather in North America boosts rebound of crude oil future price 6
1.2.2 US dollar index weakens unexpectedly 7
2 International market overview 8
2.1 Copper futures on the LME decline 8
2.2 Copper inventories on the LME fall 9
2.3 Copper scrap market drops 10
3 Chinese domestic market overview 10
3.1 Copper prices in China decline 10
3.2 Copper concentrate market drops 12
3.3 Copper rod prices decrease significantly 13
3.3.1 Operating rate of Chinese main copper rod plants in March up by 46% MOM 13
3.3.2 Copper rod stocks in Chinese main plants down by 28% MOM in March 14
3.4 Copper scrap prices decline 15
4 Monthly production data 15
4.1 Global refined copper output analysis 15
4.1.1 Global refined copper market to be in surplus of 405,000t in 2014 15
5 Import and export data 16
5.1 Chinese copper imports in February down by 30% MOM 16
5.2 Chinese imports of copper ore in February down by 27% MOM 18
5.3 Chinese imports of copper product in February down by 21% MOM 19
5.4 Chinese imports of copper scrap in February down by 23% MOM 20
6 Company news 22
6.1 Copper refineries 22
6.1.1 Sesa Sterlite to shut copper smelter in late April 22
6.1.2 Nemont cut production by 70% at its Indonesian copper and gold mine 23
6.1.3 Jinchuan declares force majeure on copper concentrate purchases 23
6.2 Copper rod plants 23
6.2.1 Jiangrun Copper March copper rod output up by 100% MOM 23
6.2.2 Hengyuan Copper March copper rod output up by 133% 23
6.2.3 Huaxin Nonferrous Metal March copper rod output up by 40% MOM 23
6.2.4 Ruixin Copper to come on stream in May 24
7 Related industry developments 24
7.1 Domestic real estate market cools down further 24
7.2 China’s household appliance export volume reduces in Jan-Feb 24
8 Outlook for April 25
