Copper Market Report August 2014
2014-09-12 17:32:58 【Print】
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Introduction 5
1. Financial Overview 5
1.1 Domestic financial overview 5
1.1.1 CPI up by 2.3% and PPI down by 0.9% YOY in July 5
1.1.2 August PMI down obviously 6
1.2 International financial overview 7
1.2.1 Crude oil futures prices keep falling back 7
1.2.2 US dollar strong again amid depressed European economy 8
2 International market review 9
2.1 Copper futures on the LME rebound after a decrease 9
2.2 Copper inventories increase constantly after a decline 11
2.3 Copper scrap market still tight in Europe 12
3 Chinese domestic market review 12
3.1 Copper prices in China go up after decreasing constantly 12
3.2 Copper concentrate prices fluctuate widely 13
3.3 Copper rod market unstable few deals concluded 14
3.4 Little improvement in copper scrap market 15
4 Monthly production data 15
4.1 Global refined copper output analysis 15
4.1.1 Global refined copper market in deficit by 296,000t in Jan-Jun 15
4.2 Chinese copper and copper product analysis 16
4.2.1 Operating rate of China’s main copper refineries up by 4% MOM in August 16
4.2.2 Operating rate of China’s main copper rod plants up by 2% MOM in August 17
4.2.3 Copper rod stocks in main Chinese plants up by 2% MOM in late August 18
5 Import data 18
5.1 Chinese copper imports in July down by 4% MOM 18
5.2 Chinese copper ore and concentrate imports in July down by 9% MOM 22
5.3 Chinese imports of copper products in July up by 1% MOM 26
5.4 Chinese imports of copper scraps in July up by 37% MOM 26
6 Company news 30
6.1 Copper refineries 30
6.1.1 Xinze Copper comes on stream in July 30
6.1.2 Jinsheng Nonferrous Group plans to enlarge copper production from September 30
6.1.3 Chifeng Jinfeng suspends copper production for maintenance in August 31
6.1.4 Jinlong Copper’s copper output up by 3% MOM 31
6.2 Copper rod plants 31
6.2.1 Xinke New Material August copper rod production rises 31
6.2.2 Ruixin Copper suspends production 31
6.2.3 Jinchuan Copper copper rod output down by 41% MOM in August 31
7 Related industry developments 31
7.1 China’s real estate development investment increases by 13.7% YOY in Jan-Jul 31
7.2 State Grid fourth tender over, environmental electric wire preference 32
8 Outlook for September 32
1. Financial Overview 5
1.1 Domestic financial overview 5
1.1.1 CPI up by 2.3% and PPI down by 0.9% YOY in July 5
1.1.2 August PMI down obviously 6
1.2 International financial overview 7
1.2.1 Crude oil futures prices keep falling back 7
1.2.2 US dollar strong again amid depressed European economy 8
2 International market review 9
2.1 Copper futures on the LME rebound after a decrease 9
2.2 Copper inventories increase constantly after a decline 11
2.3 Copper scrap market still tight in Europe 12
3 Chinese domestic market review 12
3.1 Copper prices in China go up after decreasing constantly 12
3.2 Copper concentrate prices fluctuate widely 13
3.3 Copper rod market unstable few deals concluded 14
3.4 Little improvement in copper scrap market 15
4 Monthly production data 15
4.1 Global refined copper output analysis 15
4.1.1 Global refined copper market in deficit by 296,000t in Jan-Jun 15
4.2 Chinese copper and copper product analysis 16
4.2.1 Operating rate of China’s main copper refineries up by 4% MOM in August 16
4.2.2 Operating rate of China’s main copper rod plants up by 2% MOM in August 17
4.2.3 Copper rod stocks in main Chinese plants up by 2% MOM in late August 18
5 Import data 18
5.1 Chinese copper imports in July down by 4% MOM 18
5.2 Chinese copper ore and concentrate imports in July down by 9% MOM 22
5.3 Chinese imports of copper products in July up by 1% MOM 26
5.4 Chinese imports of copper scraps in July up by 37% MOM 26
6 Company news 30
6.1 Copper refineries 30
6.1.1 Xinze Copper comes on stream in July 30
6.1.2 Jinsheng Nonferrous Group plans to enlarge copper production from September 30
6.1.3 Chifeng Jinfeng suspends copper production for maintenance in August 31
6.1.4 Jinlong Copper’s copper output up by 3% MOM 31
6.2 Copper rod plants 31
6.2.1 Xinke New Material August copper rod production rises 31
6.2.2 Ruixin Copper suspends production 31
6.2.3 Jinchuan Copper copper rod output down by 41% MOM in August 31
7 Related industry developments 31
7.1 China’s real estate development investment increases by 13.7% YOY in Jan-Jul 31
7.2 State Grid fourth tender over, environmental electric wire preference 32
8 Outlook for September 32
