Copper Market Report October 2015
2015-11-12 15:58:39 【Print】
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Contents
Introduction 3
1 International market review 3
1.1 Copper futures on LME go down after a short-lived rise 3
1.2 Copper inventories on LME go down 4
2 Chinese domestic market review 4
2.1 Copper supply in China abundant, discounts widen further 4
2.2 Spot TCs for imported copper concentrate climb 5
2.3 Trading in copper rod market thin 6
2.4 Copper scrap trading still slow 6
3 Monthly production data 6
3.1 Global refined copper output analysis 6
3.1.1 Global refined copper market in surplus by 134,000t in Jan-Aug 6
3.2 Chinese copper and copper product analysis 7
3.2.1 Operating rate of Chinese main copper refineries in October up to 75.7% 7
3.2.2 Operating rate of China’s copper rod plants fall to 68.5% in October 8
3.2.3 Copper rod stocks in main Chinese plants up by 5.1% MOM in late October 9
4 Import data 10
4.1 Chinese copper imports up by 34% MOM in September 10
4.2 Chinese copper ore and concentrate imports up by 4.7% MOM in September 12
4.3 Chinese imports of copper products up by 11.1% MOM in September 15
4.4 Chinese imports of copper scraps up by 17.2% MOM in September 15
5 Company news 18
5.1 Copper refineries 18
5.1.1 Bayannur Western Copper Product likely to resume copper production in late November 18
5.1.2 Hunchun Zijin produces the first batch of copper anode on October 16 19
5.1.3 Jinlong Copper October copper outputs up by 60% MOM 19
5.2 Copper rod plants 19
5.2.1 Guangxi Jinchuan’s 150,000tpy copper rod project starts trial production 19
5.2.2 Kunming Copper October copper rod outputs down by 19.4% MOM 19
6 Related industry developments 19
6.1 China’s real estate development investment up by 2.6% YOY in Jan-Sep 19
6.2 China’s investment growth in power grid during Jan-Sep up by 5.6% YOY 19
7 Outlook for November 19
