Copper Market Report July 2014
2014-08-14 14:22:30 【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.
Introduction 4
1. Financial Overview 4
1.1 Domestic financial overview 4
1.1.1 CPI up by 2.3% and PPI down by 1.1% YOY in June 4
1.1.2 July PMI hits another new high 5
1.2 International financial overview 5
1.2.1 Crude oil futures prices fall back 5
1.2.2 US dollar Index continues to climb 6
2 International market review 7
2.1 Copper futures fluctuate at high levels 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 review 10
3.1 Copper prices in China decline 10
3.2 Copper concentrate market moves down 11
3.3 Little improvement in copper rod market 12
3.3.1 Operating rate of main Chinese copper rod plants in July down by 6% MOM 13
3.3.2 Copper rod stocks in Chinese main plants up by 13% MOM in late July 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 361,000t in Jan-May 14
4.2 Operating rate of Chinese main copper refineries in July down by 1.4% MOM 14
5 Import data 15
5.1 Chinese copper imports in June down by 10% MOM 15
5.2 Chinese copper ore and concentrate imports in June up by 40% MOM 18
5.3 Chinese imports of copper products in June up by 1% MOM 21
5.4 Chinese imports of copper scraps in June down by 13% MOM 21
6 Company news 25
6.1 Copper refineries 25
6.1.1 Baiyin Nonferrous Metal suspends production for maintenance 25
6.1.2 Lianhe Copper’s 100,000tpy copper project to come on stream in August 25
6.2 Copper rod plants 25
6.2.1 Baosheng Copper 320,000tpy copper rod project under trial production 25
6.2.3 Chinalco Kunming Copper July copper rod output down by 23% MOM 26
7 Related industry developments 26
7.1 China’s real estate development investment increases by 14.1% YOY in Jan-Jun 26
7.2 Automobile inventory warning index of its franchisers stays at 58.9% in June 26
8 Outlook for August 26
1. Financial Overview 4
1.1 Domestic financial overview 4
1.1.1 CPI up by 2.3% and PPI down by 1.1% YOY in June 4
1.1.2 July PMI hits another new high 5
1.2 International financial overview 5
1.2.1 Crude oil futures prices fall back 5
1.2.2 US dollar Index continues to climb 6
2 International market review 7
2.1 Copper futures fluctuate at high levels 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 review 10
3.1 Copper prices in China decline 10
3.2 Copper concentrate market moves down 11
3.3 Little improvement in copper rod market 12
3.3.1 Operating rate of main Chinese copper rod plants in July down by 6% MOM 13
3.3.2 Copper rod stocks in Chinese main plants up by 13% MOM in late July 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 361,000t in Jan-May 14
4.2 Operating rate of Chinese main copper refineries in July down by 1.4% MOM 14
5 Import data 15
5.1 Chinese copper imports in June down by 10% MOM 15
5.2 Chinese copper ore and concentrate imports in June up by 40% MOM 18
5.3 Chinese imports of copper products in June up by 1% MOM 21
5.4 Chinese imports of copper scraps in June down by 13% MOM 21
6 Company news 25
6.1 Copper refineries 25
6.1.1 Baiyin Nonferrous Metal suspends production for maintenance 25
6.1.2 Lianhe Copper’s 100,000tpy copper project to come on stream in August 25
6.2 Copper rod plants 25
6.2.1 Baosheng Copper 320,000tpy copper rod project under trial production 25
6.2.3 Chinalco Kunming Copper July copper rod output down by 23% MOM 26
7 Related industry developments 26
7.1 China’s real estate development investment increases by 14.1% YOY in Jan-Jun 26
7.2 Automobile inventory warning index of its franchisers stays at 58.9% in June 26
8 Outlook for August 26
