Copper Market Report June 2016
2016-07-11 14:44:31 【Print】
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Contents
Introduction 3
1 International market review 3
1.1 Copper futures on LME climb 3
1.2 Copper inventories on LME rise 3
2 Chinese domestic market review 3
2.1 Copper prices in China increase 3
2.2 Spot copper concentrate prices advance 4
2.3 Trading in copper rod market inactive 4
2.4 Copper scrap prices climb up 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 26,000t during Jan-Apr 5
3.2 Chinese copper product analysis 5
3.2.1 Operating rate of China’s low-oxygen copper rod plants falls to 57.51% in June 5
3.2.2 Copper rod stocks in Chinese low-oxygen copper rod plants up by 8.2% MOM in late June 6
4 Import data 7
4.1 China’s copper imports down by 6.6% MOM in May 7
4.2 China’s copper ore and concentrate imports up by 13.3% MOM in May 8
4.3 Chinese imports of copper scraps up by 0.2% MOM in May 9
5 Company news 11
5.1 Copper refineries 11
5.1.1 Duobaoshan Copper Mine resumes production of copper concentrate 11
5.1.2 Jiangxi Copper’s copper output down by 7.4% MOM in June 11
5.1.3 Zhongyuan Gold Smelter produces 80,000t of copper in H1 11
5.2 Copper rod plants 11
5.2.1 Jiuli to produce 100,000t of copper rod in 2016 11
5.2.2 Xinke New Material produces around 60,000t of copper rod in H1 11
6 Related industry developments 11
6.1China’s real estate development investment up by 7% YOY in Jan-May 11
6.2 China’s investment in power grid during Jan-May up by 39.1% YOY 11
7 Outlook for July 12
Picture 1 3-month copper on LME in May-June 3
Picture 2 Copper inventories on LME in May-June 3
Picture 3 Copper prices in Chinese market in May-June 3
Picture 4 Copper premiums in Shanghai in May-June 4
Picture 5 Copper concentrate 20%min prices in China in May-June 4
Picture 6 Operating rate of China’s low-oxygen copper rod plants in 2015-2016 5
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 6
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 8
Picture 13 Chinese imports of copper ore from Chile, Peru and Mongolia 8
Picture 14 Chinese imports of copper scrap in 2015-2016 9
Picture 15 Chinese imports of copper scrap from the US, Australia and Hong Kong 10
Table 1 China’s copper imports in May 7
Table 2 Major Chinese refined copper importers in May 8
Table 3 Chinese imports of copper ore and concentrate in May 8
Table 4 Major Chinese copper ore and concentrate importers in May 9
Table 5 Chinese imports of copper scrap in May 10
Table 6 Major Chinese copper scrap importers in May 11
Introduction 3
1 International market review 3
1.1 Copper futures on LME climb 3
1.2 Copper inventories on LME rise 3
2 Chinese domestic market review 3
2.1 Copper prices in China increase 3
2.2 Spot copper concentrate prices advance 4
2.3 Trading in copper rod market inactive 4
2.4 Copper scrap prices climb up 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 26,000t during Jan-Apr 5
3.2 Chinese copper product analysis 5
3.2.1 Operating rate of China’s low-oxygen copper rod plants falls to 57.51% in June 5
3.2.2 Copper rod stocks in Chinese low-oxygen copper rod plants up by 8.2% MOM in late June 6
4 Import data 7
4.1 China’s copper imports down by 6.6% MOM in May 7
4.2 China’s copper ore and concentrate imports up by 13.3% MOM in May 8
4.3 Chinese imports of copper scraps up by 0.2% MOM in May 9
5 Company news 11
5.1 Copper refineries 11
5.1.1 Duobaoshan Copper Mine resumes production of copper concentrate 11
5.1.2 Jiangxi Copper’s copper output down by 7.4% MOM in June 11
5.1.3 Zhongyuan Gold Smelter produces 80,000t of copper in H1 11
5.2 Copper rod plants 11
5.2.1 Jiuli to produce 100,000t of copper rod in 2016 11
5.2.2 Xinke New Material produces around 60,000t of copper rod in H1 11
6 Related industry developments 11
6.1China’s real estate development investment up by 7% YOY in Jan-May 11
6.2 China’s investment in power grid during Jan-May up by 39.1% YOY 11
7 Outlook for July 12
Picture 1 3-month copper on LME in May-June 3
Picture 2 Copper inventories on LME in May-June 3
Picture 3 Copper prices in Chinese market in May-June 3
Picture 4 Copper premiums in Shanghai in May-June 4
Picture 5 Copper concentrate 20%min prices in China in May-June 4
Picture 6 Operating rate of China’s low-oxygen copper rod plants in 2015-2016 5
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 6
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 8
Picture 13 Chinese imports of copper ore from Chile, Peru and Mongolia 8
Picture 14 Chinese imports of copper scrap in 2015-2016 9
Picture 15 Chinese imports of copper scrap from the US, Australia and Hong Kong 10
Table 1 China’s copper imports in May 7
Table 2 Major Chinese refined copper importers in May 8
Table 3 Chinese imports of copper ore and concentrate in May 8
Table 4 Major Chinese copper ore and concentrate importers in May 9
Table 5 Chinese imports of copper scrap in May 10
Table 6 Major Chinese copper scrap importers in May 11
