Copper Market Report November 2015
2015-12-04 18:34:51 【Print】
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Contents
Introduction 3
1 International market review 3
1.1 Copper futures on LME go down 3
1.2 Copper inventories on LME on the decline 4
2 Chinese domestic market review 4
2.1 Copper prices tumble with thin trading 4
2.2 Spot TCs for imported copper concentrate climb further 5
2.3 Trading in copper rod market improve 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 377,000t in Jan-Sep 6
3.2 Chinese copper and copper product analysis 7
3.2.1 Chinese outputs of refined copper up by 1.94% MOM in October 7
3.2.2 Operating rate of China’s copper rod plants rises to 74.8% in November 8
3.2.3 Copper rod stocks in main Chinese plants down by 4.3% MOM in late November 9
4 Import data 10
4.1 Chinese copper imports down by 2.4% MOM in October 10
4.2 Chinese copper ore and concentrate imports down by 13.2% MOM in October 12
4.3 Chinese imports of copper products down by 14.9% MOM in October 14
4.4 Chinese imports of copper scraps down by 13.58% MOM in October 15
5 Company news 18
5.1 Copper refineries 18
5.1.1 Codelco lowers copper premiums for 2016 to USD98/t CIF China 18
5.1.2 Hunchun Ziji produces around 7,000t of copper in November 18
5.1.3 Hongtoushan Mining to produce 7,000 metal tons of copper concentrate in 2015 19
5.2 Copper rod plants 19
5.2.1 Shenghua Cable delays the starting date of its 225,000tpy copper rod project 19
5.2 Xinke New Material to stop production of copper rod for maintenance in mid-December 19
6 Related industry developments 19
6.1 China’s real estate development investment up by 2% YOY in Jan-Oct 19
6.2 China’s investment growth in power grid during Jan-Oct up by 9.7% YOY 19
7 Outlook for December 19
Introduction 3
1 International market review 3
1.1 Copper futures on LME go down 3
1.2 Copper inventories on LME on the decline 4
2 Chinese domestic market review 4
2.1 Copper prices tumble with thin trading 4
2.2 Spot TCs for imported copper concentrate climb further 5
2.3 Trading in copper rod market improve 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 377,000t in Jan-Sep 6
3.2 Chinese copper and copper product analysis 7
3.2.1 Chinese outputs of refined copper up by 1.94% MOM in October 7
3.2.2 Operating rate of China’s copper rod plants rises to 74.8% in November 8
3.2.3 Copper rod stocks in main Chinese plants down by 4.3% MOM in late November 9
4 Import data 10
4.1 Chinese copper imports down by 2.4% MOM in October 10
4.2 Chinese copper ore and concentrate imports down by 13.2% MOM in October 12
4.3 Chinese imports of copper products down by 14.9% MOM in October 14
4.4 Chinese imports of copper scraps down by 13.58% MOM in October 15
5 Company news 18
5.1 Copper refineries 18
5.1.1 Codelco lowers copper premiums for 2016 to USD98/t CIF China 18
5.1.2 Hunchun Ziji produces around 7,000t of copper in November 18
5.1.3 Hongtoushan Mining to produce 7,000 metal tons of copper concentrate in 2015 19
5.2 Copper rod plants 19
5.2.1 Shenghua Cable delays the starting date of its 225,000tpy copper rod project 19
5.2 Xinke New Material to stop production of copper rod for maintenance in mid-December 19
6 Related industry developments 19
6.1 China’s real estate development investment up by 2% YOY in Jan-Oct 19
6.2 China’s investment growth in power grid during Jan-Oct up by 9.7% YOY 19
7 Outlook for December 19
