Copper Market Report October 2014
2014-11-13 14:43:56 【Print】
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Introduction 5
1. Financial Overview 5
1.1 Domestic financial overview 5
1.1.1 CPI up by 1.6% and PPI down by 1.8% YOY in September 5
1.1.2 PMI down by 0.3% in October 6
1.2 International financial overview 7
1.2.1 Crude oil futures prices continue to fall back 7
1.2.2 US dollar continues to strengthen in October 8
2 International market review 9
2.1 Copper futures on the LME went up following decreases 9
2.2 Copper inventories on LME increase gradually 11
2.3 No change in Europe copper scrap market 11
3 Chinese domestic market review 11
3.1 Copper prices in China edge up following decreases 11
3.2 Copper concentrate market moves down 13
3.3 Copper rod market moves down 14
3.4 Copper scrap market down 14
4 Monthly production data 15
4.1 Global refined copper output analysis 15
4.1.1 Global refined copper market in deficit by 288,000t in Jan-Aug 15
4.2 Chinese copper and copper product analysis 15
4.2.1 Chinese domestic copper concentrate outputs up by 4.4% MOM in September 15
4.2.2 Chinese copper outputs down by 1.5% MOM in October 16
4.2.3 Operating rate of China’s main copper rod plants in October down by 6% MOM 17
4.2.4 Copper rod stocks in main Chinese plants down by 28% MOM in late October 18
5 Import data 18
5.1 Chinese copper imports in September up by 23.1% MOM 18
5.2 Chinese copper ore and concentrate imports in September up by 34.3% MOM 21
5.3 Chinese imports of copper products in September by 10% MOM 26
5.4 Chinese imports of copper scraps in September up by 14% MOM 26
6 Company news 29
6.1 Copper refineries 29
6.1.1 Chifeng Jinfeng’s copper outputs up by 11% MOM in October 29
6.1.2 Humon Smelting would run fully with copper outputs of 50,000t in 2014 29
6.1.3 Hongyue Group sets its 100,000tpy smelting capacity on stream in late October. 30
6.1.4 Shuikoushan Nonferrous Metal plans to set its 100,000tpy refined copper project on stream in late 2015 30
6.2 Copper rod plants 30
6.2.1 Tongling Nonferrous Metal to produce 130,000t of copper rod in 2014 30
6.2.2 Anji Nanfang Copper restarts production of copper rod 30
6.2.3 Huabei Power Cable October copper rod production dips 30
7 Related industry developments 30
7.1 China’s real estate development investment increases by 12.5% YOY in Jan-Sep 30
7.2 Automobile sales volume in China up b y 17.07% MOM in September 31
8 Outlook for November 31
1. Financial Overview 5
1.1 Domestic financial overview 5
1.1.1 CPI up by 1.6% and PPI down by 1.8% YOY in September 5
1.1.2 PMI down by 0.3% in October 6
1.2 International financial overview 7
1.2.1 Crude oil futures prices continue to fall back 7
1.2.2 US dollar continues to strengthen in October 8
2 International market review 9
2.1 Copper futures on the LME went up following decreases 9
2.2 Copper inventories on LME increase gradually 11
2.3 No change in Europe copper scrap market 11
3 Chinese domestic market review 11
3.1 Copper prices in China edge up following decreases 11
3.2 Copper concentrate market moves down 13
3.3 Copper rod market moves down 14
3.4 Copper scrap market down 14
4 Monthly production data 15
4.1 Global refined copper output analysis 15
4.1.1 Global refined copper market in deficit by 288,000t in Jan-Aug 15
4.2 Chinese copper and copper product analysis 15
4.2.1 Chinese domestic copper concentrate outputs up by 4.4% MOM in September 15
4.2.2 Chinese copper outputs down by 1.5% MOM in October 16
4.2.3 Operating rate of China’s main copper rod plants in October down by 6% MOM 17
4.2.4 Copper rod stocks in main Chinese plants down by 28% MOM in late October 18
5 Import data 18
5.1 Chinese copper imports in September up by 23.1% MOM 18
5.2 Chinese copper ore and concentrate imports in September up by 34.3% MOM 21
5.3 Chinese imports of copper products in September by 10% MOM 26
5.4 Chinese imports of copper scraps in September up by 14% MOM 26
6 Company news 29
6.1 Copper refineries 29
6.1.1 Chifeng Jinfeng’s copper outputs up by 11% MOM in October 29
6.1.2 Humon Smelting would run fully with copper outputs of 50,000t in 2014 29
6.1.3 Hongyue Group sets its 100,000tpy smelting capacity on stream in late October. 30
6.1.4 Shuikoushan Nonferrous Metal plans to set its 100,000tpy refined copper project on stream in late 2015 30
6.2 Copper rod plants 30
6.2.1 Tongling Nonferrous Metal to produce 130,000t of copper rod in 2014 30
6.2.2 Anji Nanfang Copper restarts production of copper rod 30
6.2.3 Huabei Power Cable October copper rod production dips 30
7 Related industry developments 30
7.1 China’s real estate development investment increases by 12.5% YOY in Jan-Sep 30
7.2 Automobile sales volume in China up b y 17.07% MOM in September 31
8 Outlook for November 31
