Copper Market Report May 2016
2016-06-14 14:17:12 【Print】
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Contents
Introduction 3
1 International market review 3
1.1 Copper futures on LME climb after a continuous retreat 3
1.2 Copper inventories on LME fall 3
2 Chinese domestic market review 3
2.1 Copper prices in China decrease 3
2.2 Spot copper concentrate TCs advance 4
2.3 Trading in copper rod market improves 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 a surplus of 77,000t during Jan-Mar 5
3.2 Chinese copper product analysis 5
3.2.1 Operating rate of China’s low-oxygen copper rod plants climb to 61.64% in May 5
3.2.2 Copper rod stocks in Chinese low-oxygen copper rod plants down by 29.5% MOM in late May 6
4 Import data 7
4.1 China’s copper imports down by 25.4% MOM in April 7
4.2 China’s copper ore and concentrate imports down by 8.2% MOM in April 8
4.3 Chinese imports of copper scraps down by 9.2% MOM in April 10
5 Company news 12
5.1 Copper refineries 12
5.1.1 Heding Copper’s 170,000tpy copper expansion project to come on stream in April 2017 12
5.1.2 Jiangxi Copper to finish annual repairs in mid-June 12
5.1.3 Fubang Copper to make annual repairs in early September 12
5.2 Copper rod plants 12
5.2.1 Hengyuan Copper halts copper rod production for annual repairs 12
5.2.2 Hengtong likely to produce 100,000t of copper rod in 2016 12
6 Related industry developments 12
6.1China’s real estate development investment up by 7.2% YOY in Jan-Apr 12
6.2 China’s investment in power grid during Jan-Apr up by 44.2% YOY 12
7 Outlook for June 12
Picture 1 3-month copper on LME in Apr-May 3
Picture 2 Copper inventories on LME in Apr-May 3
Picture 3 Copper prices in Chinese market in Apr-May 4
Picture 4 Copper premiums in Shanghai in Apr-May 4
Picture 5 Copper concentrate 20%min prices in China in Apr-May 5
Picture 6 Operating rate of China’s low-oxygen copper rod plants in 2015-2016 6
Picture 7 Operating rates of Chinese copper rod producers in main provinces in 2015-2016 6
Picture 8 Changes in Chinese copper rod stocks in 2015-2016 6
Picture 9 Copper rod stock changes in main provinces in 2015-2016 7
Picture 10 China’s refined copper imports in 2015-2016 7
Picture 11 Chinese imports from Chile, India, Australia and Japan in 2015-2016 7
Picture 12 Copper ore and concentrate imports in 2015-2016 9
Picture 13 Chinese imports of copper ore from Chile, Peru and Mongolia 9
Picture 14 Chinese imports of copper scrap in 2015-2016 10
Picture 15 Chinese imports of copper scrap from the US, Australia and Hong Kong 10
Table 1 China’s copper imports in April 7
Table 2 Major Chinese refined copper importers in April 8
Table 3 Chinese imports of copper ore and concentrate in April 9
Table 4 Major Chinese copper ore and concentrate importers in April 10
Table 5 Chinese imports of copper scrap in April 11
Table 6 Major Chinese copper scrap importers in April 11
Introduction 3
1 International market review 3
1.1 Copper futures on LME climb after a continuous retreat 3
1.2 Copper inventories on LME fall 3
2 Chinese domestic market review 3
2.1 Copper prices in China decrease 3
2.2 Spot copper concentrate TCs advance 4
2.3 Trading in copper rod market improves 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 a surplus of 77,000t during Jan-Mar 5
3.2 Chinese copper product analysis 5
3.2.1 Operating rate of China’s low-oxygen copper rod plants climb to 61.64% in May 5
3.2.2 Copper rod stocks in Chinese low-oxygen copper rod plants down by 29.5% MOM in late May 6
4 Import data 7
4.1 China’s copper imports down by 25.4% MOM in April 7
4.2 China’s copper ore and concentrate imports down by 8.2% MOM in April 8
4.3 Chinese imports of copper scraps down by 9.2% MOM in April 10
5 Company news 12
5.1 Copper refineries 12
5.1.1 Heding Copper’s 170,000tpy copper expansion project to come on stream in April 2017 12
5.1.2 Jiangxi Copper to finish annual repairs in mid-June 12
5.1.3 Fubang Copper to make annual repairs in early September 12
5.2 Copper rod plants 12
5.2.1 Hengyuan Copper halts copper rod production for annual repairs 12
5.2.2 Hengtong likely to produce 100,000t of copper rod in 2016 12
6 Related industry developments 12
6.1China’s real estate development investment up by 7.2% YOY in Jan-Apr 12
6.2 China’s investment in power grid during Jan-Apr up by 44.2% YOY 12
7 Outlook for June 12
Picture 1 3-month copper on LME in Apr-May 3
Picture 2 Copper inventories on LME in Apr-May 3
Picture 3 Copper prices in Chinese market in Apr-May 4
Picture 4 Copper premiums in Shanghai in Apr-May 4
Picture 5 Copper concentrate 20%min prices in China in Apr-May 5
Picture 6 Operating rate of China’s low-oxygen copper rod plants in 2015-2016 6
Picture 7 Operating rates of Chinese copper rod producers in main provinces in 2015-2016 6
Picture 8 Changes in Chinese copper rod stocks in 2015-2016 6
Picture 9 Copper rod stock changes in main provinces in 2015-2016 7
Picture 10 China’s refined copper imports in 2015-2016 7
Picture 11 Chinese imports from Chile, India, Australia and Japan in 2015-2016 7
Picture 12 Copper ore and concentrate imports in 2015-2016 9
Picture 13 Chinese imports of copper ore from Chile, Peru and Mongolia 9
Picture 14 Chinese imports of copper scrap in 2015-2016 10
Picture 15 Chinese imports of copper scrap from the US, Australia and Hong Kong 10
Table 1 China’s copper imports in April 7
Table 2 Major Chinese refined copper importers in April 8
Table 3 Chinese imports of copper ore and concentrate in April 9
Table 4 Major Chinese copper ore and concentrate importers in April 10
Table 5 Chinese imports of copper scrap in April 11
Table 6 Major Chinese copper scrap importers in April 11
