Copper Market Report February 2016
2016-03-07 13:49:47 【Print】
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Contents
Introduction 3
1 International market review 3
1.1 Copper futures on LME range narrowly 3
1.2 Copper inventories on LME fall 3
2 Chinese domestic market review 3
2.1 Copper prices fluctuate at low levels 3
2.2 Spot copper concentrate TCs decline 4
2.3 Trading in copper rod market thin 5
2.4 Copper scrap supply still tight 5
3 Monthly production data 5
3.1 Global refined copper output analysis 5
3.1.1 Global refined copper market in surplus by146,000t in 2015 5
3.2 Chinese copper product analysis 5
3.2.1 Operating rate of China’s low-oxygen copper rod plants falls to 28.94% in February 5
3.2.2 Copper rod stocks in Chinese low-oxygen copper rod plants up by 9.1% MOM in late February 6
4 Import data 7
4.1 China’s copper imports down by 23.47% MOM in January 7
4.2 China’s copper ore and concentrate imports down by 20.78% MOM in January 8
4.3 Chinese imports of copper scraps down by 28.16% MOM in January 10
5 Company news 11
5.1 Copper refineries 11
5.1.1 Daye Nonferrous Metal to stop copper production for annual repairs on March 9 11
5.1.2 Jinlong Copper to produce 460,000t of copper in 2016 12
5.2 Copper rod plants 12
5.2.1 Kunming Copper to resume copper rod production on February 15 12
5.2.2 Jiangtong North China Tianjin Copper’s copper rod outputs up by 66.7% MOM in February 12
6 Related industry developments 12
6.1 China to launch a new round power grid update in rural areas 12
7 Outlook for March 12
Introduction 3
1 International market review 3
1.1 Copper futures on LME range narrowly 3
1.2 Copper inventories on LME fall 3
2 Chinese domestic market review 3
2.1 Copper prices fluctuate at low levels 3
2.2 Spot copper concentrate TCs decline 4
2.3 Trading in copper rod market thin 5
2.4 Copper scrap supply still tight 5
3 Monthly production data 5
3.1 Global refined copper output analysis 5
3.1.1 Global refined copper market in surplus by146,000t in 2015 5
3.2 Chinese copper product analysis 5
3.2.1 Operating rate of China’s low-oxygen copper rod plants falls to 28.94% in February 5
3.2.2 Copper rod stocks in Chinese low-oxygen copper rod plants up by 9.1% MOM in late February 6
4 Import data 7
4.1 China’s copper imports down by 23.47% MOM in January 7
4.2 China’s copper ore and concentrate imports down by 20.78% MOM in January 8
4.3 Chinese imports of copper scraps down by 28.16% MOM in January 10
5 Company news 11
5.1 Copper refineries 11
5.1.1 Daye Nonferrous Metal to stop copper production for annual repairs on March 9 11
5.1.2 Jinlong Copper to produce 460,000t of copper in 2016 12
5.2 Copper rod plants 12
5.2.1 Kunming Copper to resume copper rod production on February 15 12
5.2.2 Jiangtong North China Tianjin Copper’s copper rod outputs up by 66.7% MOM in February 12
6 Related industry developments 12
6.1 China to launch a new round power grid update in rural areas 12
7 Outlook for March 12
