Copper Market Report March 2015
2015-04-17 18:49:50 【Print】
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Introduction 4
1 International market review 4
1.1 Copper futures on LME climb up 4
1.2 Copper inventories on LME continue to go up 5
2 Chinese domestic market review 6
2.1 Copper prices in China climb up and trading recovers in a slow way 6
2.2 Copper concentrate trading inactive 7
2.3 Copper rod market climbs 8
2.4 Copper scrap prices go up slightly 8
3 Monthly production data 9
3.1 Chinese copper and copper product analysis 9
3.1 . 1 Operating rate of Chinese main copper refineries in March up by 1.86% MOM 9
3.1.2 Operating rate of China’s main copper rod plants in March up by 50% MOM 10
3.1 . 3 Copper rod stocks in main Chinese plants up by 70.4% MOM in late March 11
4 Import data 11
4.1 Chinese copper imports in February down by 29.5% MOM 11
4.2 Chinese copper ore and concentrate imports in February 2015 down by 18.3% MOM 14
4.3 Chinese imports of copper products in February down by 23% MOM 17
4.4 Chinese imports of copper scraps in February down by 38.96% MOM 17
5 Company news 21
5.1 Copper refineries 21
5.1.1 Guangxi Nonferrous Recycling Metal plans to produce 60,000t of copper anode in 2015 21
5.1.2 Shenyang Xinxing Copper suspends copper production 21
5.1.3 Zhongyuan Gold delays to put its copper expansion project of 200,000tpy on stream again 21
5.1 . 4 Baiyin Nonferrous Metal’s copper outputs up by about 44.4% MOM in March 22
5.2 Copper rod plants 22
5.2.1 Jiangrun Copper produces 50,000t of copper rod in March 22
5.2.2 Copper rod outputs of Walsin Nonferrous Metal up by 30% MOM in March 22
5.2.3 Copper rod outputs of Tongling Nonferrous Metal up by 300% MOM in March 22
6 Related industry developments 22
6.1 China’s real estate development investment reaches RMB878,6 billion in Jan-Feb, up by 10.4% YOY 22
6.2 Exemption time limit of business tax for individual housing transfer changes from five years to two years 23
7 Outlook for April 23
1 International market review 4
1.1 Copper futures on LME climb up 4
1.2 Copper inventories on LME continue to go up 5
2 Chinese domestic market review 6
2.1 Copper prices in China climb up and trading recovers in a slow way 6
2.2 Copper concentrate trading inactive 7
2.3 Copper rod market climbs 8
2.4 Copper scrap prices go up slightly 8
3 Monthly production data 9
3.1 Chinese copper and copper product analysis 9
3.1 . 1 Operating rate of Chinese main copper refineries in March up by 1.86% MOM 9
3.1.2 Operating rate of China’s main copper rod plants in March up by 50% MOM 10
3.1 . 3 Copper rod stocks in main Chinese plants up by 70.4% MOM in late March 11
4 Import data 11
4.1 Chinese copper imports in February down by 29.5% MOM 11
4.2 Chinese copper ore and concentrate imports in February 2015 down by 18.3% MOM 14
4.3 Chinese imports of copper products in February down by 23% MOM 17
4.4 Chinese imports of copper scraps in February down by 38.96% MOM 17
5 Company news 21
5.1 Copper refineries 21
5.1.1 Guangxi Nonferrous Recycling Metal plans to produce 60,000t of copper anode in 2015 21
5.1.2 Shenyang Xinxing Copper suspends copper production 21
5.1.3 Zhongyuan Gold delays to put its copper expansion project of 200,000tpy on stream again 21
5.1 . 4 Baiyin Nonferrous Metal’s copper outputs up by about 44.4% MOM in March 22
5.2 Copper rod plants 22
5.2.1 Jiangrun Copper produces 50,000t of copper rod in March 22
5.2.2 Copper rod outputs of Walsin Nonferrous Metal up by 30% MOM in March 22
5.2.3 Copper rod outputs of Tongling Nonferrous Metal up by 300% MOM in March 22
6 Related industry developments 22
6.1 China’s real estate development investment reaches RMB878,6 billion in Jan-Feb, up by 10.4% YOY 22
6.2 Exemption time limit of business tax for individual housing transfer changes from five years to two years 23
7 Outlook for April 23