Copper Market Report April 2014
2014-05-20 12:02:23 【Print】
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Content
Introduction 4
1 Financial overview 4
1.1 Chinese domestic financial overview 4
1.1.1 China’s CPI up by 2.4% YOY and PPI down by 2.3% YOY in March 4
1.1.2 PMI up slightly in April 5
1.2 International financial overview 6
1.2.1 Future prices of crude oil struggle marginally 6
1.2.2 Index of USD down unexpectedly 7
2 International market overview 8
2.1 Copper futures on the LME climb up 8
2.2 Copper inventories on the LME continue to fall 9
2.3 Copper scrap market unchanged 10
3 Chinese domestic market overview 10
3.1 Copper prices in China keep rebounding Premiums reach 6-year highs 10
3.2 Copper concentrate market rallies 12
3.3 Copper rod prices advance Processing charges surge 13
3.3.1 Operating rate of Chinese main copper rod plants in April down by 3% MOM 13
3.3.2 Copper rod stocks in Chinese main plants down by 22% MOM by the end of April 14
3.4 Copper scrap prices rally 15
4 Monthly production data 15
4.1 Global refined copper output analysis 15
4.1.1 Global refined copper market to be in deficit of 11,000t in Jan-Feb 15
5 Import data 16
5.1 Chinese copper imports in March up by 16% MOM 16
5.2 Chinese imports of copper ore in March up by 22% MOM 19
5.3 Chinese imports of copper product in March up by 18% MOM 21
5.4 Chinese imports of copper scrap in March up by 22% MOM 22
6 Company news 27
6.1 Copper refineries 27
6.1.1 Pan Pacific Copper to increase copper production by 5.5% 27
6.1.2 Atlas to enlarge copper production in 2014 27
6.1.3 Yuguang Gold & Lead produces the first batch of copper 27
6.2 Copper rod plants 28
6.2.1 Dawufeng Copper restarts production of copper rod 28
6.2.2 Huabei Electric Cable April copper rod output down by 23% MOM 28
6.2.3 Huaxin Nonferrous Metal April copper rod output down by 7% MOM 28
7 Related industry developments 28
7.1 Chinese real estate developing investment up by 16.8% in March 28
7.2 Chinese home appliance market weak in Q1 28
8 Outlook for May 29
Introduction 4
1 Financial overview 4
1.1 Chinese domestic financial overview 4
1.1.1 China’s CPI up by 2.4% YOY and PPI down by 2.3% YOY in March 4
1.1.2 PMI up slightly in April 5
1.2 International financial overview 6
1.2.1 Future prices of crude oil struggle marginally 6
1.2.2 Index of USD down unexpectedly 7
2 International market overview 8
2.1 Copper futures on the LME climb up 8
2.2 Copper inventories on the LME continue to fall 9
2.3 Copper scrap market unchanged 10
3 Chinese domestic market overview 10
3.1 Copper prices in China keep rebounding Premiums reach 6-year highs 10
3.2 Copper concentrate market rallies 12
3.3 Copper rod prices advance Processing charges surge 13
3.3.1 Operating rate of Chinese main copper rod plants in April down by 3% MOM 13
3.3.2 Copper rod stocks in Chinese main plants down by 22% MOM by the end of April 14
3.4 Copper scrap prices rally 15
4 Monthly production data 15
4.1 Global refined copper output analysis 15
4.1.1 Global refined copper market to be in deficit of 11,000t in Jan-Feb 15
5 Import data 16
5.1 Chinese copper imports in March up by 16% MOM 16
5.2 Chinese imports of copper ore in March up by 22% MOM 19
5.3 Chinese imports of copper product in March up by 18% MOM 21
5.4 Chinese imports of copper scrap in March up by 22% MOM 22
6 Company news 27
6.1 Copper refineries 27
6.1.1 Pan Pacific Copper to increase copper production by 5.5% 27
6.1.2 Atlas to enlarge copper production in 2014 27
6.1.3 Yuguang Gold & Lead produces the first batch of copper 27
6.2 Copper rod plants 28
6.2.1 Dawufeng Copper restarts production of copper rod 28
6.2.2 Huabei Electric Cable April copper rod output down by 23% MOM 28
6.2.3 Huaxin Nonferrous Metal April copper rod output down by 7% MOM 28
7 Related industry developments 28
7.1 Chinese real estate developing investment up by 16.8% in March 28
7.2 Chinese home appliance market weak in Q1 28
8 Outlook for May 29
