Copper Market Report June 2013
2013-07-18 18:58:15 【Print】
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Content
Introduction 3
1 Financial overview 4
1.1 Domestic financial review 4
1.1.1 CPI up 2.1% PPI up 2.9% YOY in May 4
1.1.2 PMI of China’s manufacturing industry reduces to 50.1% in June, record-low in recent four months 4
1.2 International financial review 5
1.2.1 Futures prices of crude oil pushed up by multiple positive news 5
1.2.2 US dollar index bottoms out 6
1.2.3 Liquidity crisis hits weak nonferrous metals market 7
2 Copper futures on the LME down continuously 7
3 Chinese domestic market overview 9
3.1 Copper prices in China on the decline 9
3.2 Thin trading in copper concentrate market 10
3.3 Copper rod market down Operating rate declines 11
3.4 Copper scrap supply still tight in China 12
4 Monthly production data 13
4.1 Global refined copper output analysis 13
4.1.1 Global copper in surplus of 218,700 tons in Jan-Apr 2013 13
4.1.2 Copper output in Chile in May up by 3.7% YOY 14
4.1.3 Chinese refined copper output in May up by 2% MOM 14
4.2 Global copper concentrate output analysis 15
4.3 Copper product output in China 15
5 Import and export data 16
5.1 Refined copper import data in China 16
5.2 Copper concentrate import data in China 17
5.3 Copper product import data in China 18
5.4 Copper scrap import data in China 19
6 Company news 21
6.1 Company news from copper refineries 21
6.1.1 North Copper stops production for maintenance 21
6.1.2 Fuchunjiang Smelting reduces copper production 21
6.1.3 Jiangxi Copper reduces copper production 22
6.1.4 Baiyin Nonferrous Metal to produce 200,000t of copper this year 22
6.2 Company news from copper rod plants 22
6.2.1 Jinchuan Group suspends production of copper rod for maintenance 22
6.2.2 Chinalco Kunming Copper to increase copper rod production 22
7 Related industry developments 22
7.1 Chinese infrastructure investment on railway in Jan-May reaches RMB132.2 billion 22
7.2 Real estate development investment up by 21.1% YOY 23
8 Outlook for next month 23
Introduction 3
1 Financial overview 4
1.1 Domestic financial review 4
1.1.1 CPI up 2.1% PPI up 2.9% YOY in May 4
1.1.2 PMI of China’s manufacturing industry reduces to 50.1% in June, record-low in recent four months 4
1.2 International financial review 5
1.2.1 Futures prices of crude oil pushed up by multiple positive news 5
1.2.2 US dollar index bottoms out 6
1.2.3 Liquidity crisis hits weak nonferrous metals market 7
2 Copper futures on the LME down continuously 7
3 Chinese domestic market overview 9
3.1 Copper prices in China on the decline 9
3.2 Thin trading in copper concentrate market 10
3.3 Copper rod market down Operating rate declines 11
3.4 Copper scrap supply still tight in China 12
4 Monthly production data 13
4.1 Global refined copper output analysis 13
4.1.1 Global copper in surplus of 218,700 tons in Jan-Apr 2013 13
4.1.2 Copper output in Chile in May up by 3.7% YOY 14
4.1.3 Chinese refined copper output in May up by 2% MOM 14
4.2 Global copper concentrate output analysis 15
4.3 Copper product output in China 15
5 Import and export data 16
5.1 Refined copper import data in China 16
5.2 Copper concentrate import data in China 17
5.3 Copper product import data in China 18
5.4 Copper scrap import data in China 19
6 Company news 21
6.1 Company news from copper refineries 21
6.1.1 North Copper stops production for maintenance 21
6.1.2 Fuchunjiang Smelting reduces copper production 21
6.1.3 Jiangxi Copper reduces copper production 22
6.1.4 Baiyin Nonferrous Metal to produce 200,000t of copper this year 22
6.2 Company news from copper rod plants 22
6.2.1 Jinchuan Group suspends production of copper rod for maintenance 22
6.2.2 Chinalco Kunming Copper to increase copper rod production 22
7 Related industry developments 22
7.1 Chinese infrastructure investment on railway in Jan-May reaches RMB132.2 billion 22
7.2 Real estate development investment up by 21.1% YOY 23
8 Outlook for next month 23
