Copper Market Report June 2014
2014-07-23 14:20:29 【Print】
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Contents
Introduction 4
1. Financial Overview 4
1.1 Domestic financial overview 4
1.1.1 CPI up by 2.5% and PPI down by 1.4% YOY in May 4
1.1.2 PMI up by 0.2% in June 5
1.2 International financial overview 5
1.2.1 Crude oil futures prices increase with fluctuations 5
1.2.2 US dollar index declines after skyrocketing 6
2 International market overview 7
2.1 Copper futures climb on LME 7
2.2 Copper inventories on LME continue to fall 9
2.3 Copper scrap market still tight in Europe 10
3 Chinese domestic market overview 10
3.1 Copper prices in China fluctuate widely 10
3.2 Copper concentrate market rallies 11
3.3 Copper rod market climbs up 12
3.3.1 Operating rate of main Chinese copper rod plants in June down by 3% MOM 13
3.3.2 Copper rod stocks at China’s main plants down by 8% MOM by end of June 13
3.4 Copper scrap prices rally 14
4 Monthly production data 14
4.1 Global refined copper output analysis 14
4.1.1 Global refined copper market in deficit by 286,000t in Jan-Apr 14
5 Import data 14
5.1 Chinese copper imports in May down by 17% MOM 14
5.2 Chinese imports of copper ore in May down by 29% MOM 16
5.3 Chinese imports of copper products in May down by 1% MOM 18
5.4 Chinese imports of copper scraps in May down by 5% MOM 19
6 Company news 22
6.1 Copper refineries 22
6.1.1 Datong Copper to resume operations in August 22
6.1.2 Fuchunjiang Smelting’new refinery starts copper production in late June 22
6.2 Copper rod plants 22
6.2.1 Tianda Copper 150,000tpy copper rod to be put into production in March 2015 22
6.2.3 Chinalco Kunming Copper June copper rod output down by 13% MOM 23
7 Related industry developments 23
7.1 China’s real estate development investment increases by 14.7% YOY in Jan-May 23
7.2 Household refrigerator outputs down by 3.42% year-on-year in May 23
8 Outlook for July 23
Introduction 4
1. Financial Overview 4
1.1 Domestic financial overview 4
1.1.1 CPI up by 2.5% and PPI down by 1.4% YOY in May 4
1.1.2 PMI up by 0.2% in June 5
1.2 International financial overview 5
1.2.1 Crude oil futures prices increase with fluctuations 5
1.2.2 US dollar index declines after skyrocketing 6
2 International market overview 7
2.1 Copper futures climb on LME 7
2.2 Copper inventories on LME continue to fall 9
2.3 Copper scrap market still tight in Europe 10
3 Chinese domestic market overview 10
3.1 Copper prices in China fluctuate widely 10
3.2 Copper concentrate market rallies 11
3.3 Copper rod market climbs up 12
3.3.1 Operating rate of main Chinese copper rod plants in June down by 3% MOM 13
3.3.2 Copper rod stocks at China’s main plants down by 8% MOM by end of June 13
3.4 Copper scrap prices rally 14
4 Monthly production data 14
4.1 Global refined copper output analysis 14
4.1.1 Global refined copper market in deficit by 286,000t in Jan-Apr 14
5 Import data 14
5.1 Chinese copper imports in May down by 17% MOM 14
5.2 Chinese imports of copper ore in May down by 29% MOM 16
5.3 Chinese imports of copper products in May down by 1% MOM 18
5.4 Chinese imports of copper scraps in May down by 5% MOM 19
6 Company news 22
6.1 Copper refineries 22
6.1.1 Datong Copper to resume operations in August 22
6.1.2 Fuchunjiang Smelting’new refinery starts copper production in late June 22
6.2 Copper rod plants 22
6.2.1 Tianda Copper 150,000tpy copper rod to be put into production in March 2015 22
6.2.3 Chinalco Kunming Copper June copper rod output down by 13% MOM 23
7 Related industry developments 23
7.1 China’s real estate development investment increases by 14.7% YOY in Jan-May 23
7.2 Household refrigerator outputs down by 3.42% year-on-year in May 23
8 Outlook for July 23
