Copper Market Report December 2014
2015-01-15 14:42:59 【Print】
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Introduction 5
1. Financial Overview 5
1.1 Domestic financial overview 5
1.1.1 CPI up by 1.4% and PPI down by 2.7% YOY in November 5
1.1.2 PMI down by 0.2% in December 6
1.2 International financial overview 7
1.2.1 Crude oil futures prices continued to slide 7
1.2.2 The US dollar remained strong in December 8
2 International market review 9
2.1 Copper futures on LME edge down 9
2.2 Copper inventories on LME climb up 10
2.3 Europe copper scrap market flat 11
2.4 North American copper premiums stable 11
3 Chinese domestic market review 12
3.1 Copper prices in China fluctuate narrowly following increases 12
3.2 Copper concentrate market soft 13
3.3 Copper rod market climbs 14
3.4 Copper scrap market increases 15
4 Monthly production data 15
4.1 Global refined copper output analysis 15
4.1.1 Global refined copper market in deficit by 62,000t in Jan-Oct 15
4.2 Chinese copper and copper product analysis 15
4.2.1 Chinese copper outputs up by 3.7% MOM in December 15
4.2.2 Operating rate of China’s main copper rod plants in December down by 1% MOM 16
4.2.3 Copper rod stocks in main Chinese plants down by 12% MOM in late December 17
5 Import data 18
5.1 Chinese copper imports in November up by 4.8% MOM 18
5.2 Chinese copper ore and concentrate imports in November up by 20.6% MOM 21
5.3 Chinese imports of copper products in November down by 3.5% MOM 25
5.4 Chinese imports of copper scraps in November down by 3% MOM 26
6 Company news 29
6.1 Copper refineries 29
6.1.1 Fangyuan Nonferrous Metal delays bringing its copper expansion project of 200,000tpy on stream 29
6.1.2 Zhongyuan Gold delays putting its copper expansion project of 200,000tpy on stream 29
6.1.3 Chifeng Jinfeng Copper’s copper output up by 10% YOY in 2014 29
6.1.4 Xinze Copper to set their 100,000tpy of copper expansion project on stream in the second half of 2015 29
6.2 Copper rod plants 29
6.2.1 Nanjing Huaxin 2014 copper rod output reaches 305,000t 29
6.2.2 Jiangxi Copper signed 220,000tpy copper rod project with Huabei Group 29
6.2.3 Xinke New Material produces around 118,000t of copper rod in 2014 30
7 Related industry developments 30
7.1 China’s real estate development investment increases by 11.9% YOY in Jan-Nov 30
7.2 Chinese power grid construction investment during Jan-Nov up by 2.58% YOY 30
8 Outlook for January 30
