Copper Market Report April 2015
2015-05-12 15:20:41 【Print】
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Contents
Introduction 4
1 International market review 4
1.1 Copper futures on LME climb up 4
1.2 Copper inventories on LME continue to go up 5
2 Chinese domestic market review 6
2.1 Copper prices in China climb up further 6
2.2 Copper concentrate trading saw little improvement 7
2.3 Copper rod prices increase 8
2.4 Copper scrap prices edge up 8
3 Monthly production data 9
3.1 Global refined copper output analysis 9
3.1.1 Global refined copper market in surplus by 209,000t in Jan-Feb 9
3.2 Chinese copper and copper product analysis 9
3.2.1 Operating rate of Chinese main copper refineries in April up by 2.06% MOM 9
3.2.2 Operating rate of China’s main copper rod plants in April up by 15.6% MOM 10
3.2.3 Copper rod stocks in main Chinese plants up by 4% MOM in late April 12
4 Import data 12
4.1 Chinese copper imports in March up by 44.9% MOM 12
4.2 Chinese copper ore and concentrate imports in March 2015 up by 74.56% MOM 15
4.3 Chinese imports of copper products in March up by 39% MOM 18
4.4 Chinese imports of copper scraps in March up by 53.76% MOM 19
5 Company news 22
5.1 Copper refineries 22
5.1.1 Xiangguang Copper stops copper production for annual maintenance in May 22
5.1.2 Jinxi Copper plans to reduce copper outputs by 20,000t in 2015 22
5.1.3 Lianhe Copper puts its 100,000tpy of copper refinery into production in early April 22
5.1.4 Humon Smelting has started the construction of its copper expansion project with 120,000tpy in early April 23
5.2 Copper rod plants 23
5.2.1 Dawufeng Copper Product’s copper rod outputs up by 33% MOM in April 23
5.2.2 Copper rod outputs of Tongling Nonferrous Metal down by 10% in April 23
5.2.3 Copper rod outputs of Jiangwu New Alloy Material up by 150% in April 23
6 Related industry developments 23
6.1 China’s real estate development investment up by 8.5% YOY in Jan-Mar 23
6.2 China’s power grid investment during Jan-Mar down by 10% YOY 24
7 Outlook for May 24
Introduction 4
1 International market review 4
1.1 Copper futures on LME climb up 4
1.2 Copper inventories on LME continue to go up 5
2 Chinese domestic market review 6
2.1 Copper prices in China climb up further 6
2.2 Copper concentrate trading saw little improvement 7
2.3 Copper rod prices increase 8
2.4 Copper scrap prices edge up 8
3 Monthly production data 9
3.1 Global refined copper output analysis 9
3.1.1 Global refined copper market in surplus by 209,000t in Jan-Feb 9
3.2 Chinese copper and copper product analysis 9
3.2.1 Operating rate of Chinese main copper refineries in April up by 2.06% MOM 9
3.2.2 Operating rate of China’s main copper rod plants in April up by 15.6% MOM 10
3.2.3 Copper rod stocks in main Chinese plants up by 4% MOM in late April 12
4 Import data 12
4.1 Chinese copper imports in March up by 44.9% MOM 12
4.2 Chinese copper ore and concentrate imports in March 2015 up by 74.56% MOM 15
4.3 Chinese imports of copper products in March up by 39% MOM 18
4.4 Chinese imports of copper scraps in March up by 53.76% MOM 19
5 Company news 22
5.1 Copper refineries 22
5.1.1 Xiangguang Copper stops copper production for annual maintenance in May 22
5.1.2 Jinxi Copper plans to reduce copper outputs by 20,000t in 2015 22
5.1.3 Lianhe Copper puts its 100,000tpy of copper refinery into production in early April 22
5.1.4 Humon Smelting has started the construction of its copper expansion project with 120,000tpy in early April 23
5.2 Copper rod plants 23
5.2.1 Dawufeng Copper Product’s copper rod outputs up by 33% MOM in April 23
5.2.2 Copper rod outputs of Tongling Nonferrous Metal down by 10% in April 23
5.2.3 Copper rod outputs of Jiangwu New Alloy Material up by 150% in April 23
6 Related industry developments 23
6.1 China’s real estate development investment up by 8.5% YOY in Jan-Mar 23
6.2 China’s power grid investment during Jan-Mar down by 10% YOY 24
7 Outlook for May 24
