Copper Market Report July 2016
2016-08-05 18:38:49 【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 5
2.4 Copper scrap still in tight supply 5
3 Monthly production data 5
3.1 Global refined copper output analysis 5
3.1.1 Global refined copper market in a deficit of 48,000t during Jan-May 5
3.2 Chinese copper product output analysis 5
3.2.1 Operating rate of China’s low-oxygen copper rod plants falls to 55.15% in July 5
3.2.2 Copper rod stocks in Chinese low-oxygen copper rod plants up by 15.2% MOM in late July 6
4 Import data 7
4.1 China’s copper imports down by 4.4% MOM in June 7
4.2 China’s copper ore and concentrate imports down by 5.5% MOM in June 8
4.3 Chinese imports of copper scraps up by 0.9% MOM in June 10
5 Company news 11
5.1 Copper refineries 11
5.1.1 Daye Nonferrous Metal produces around 220,000t of copper in H1 11
5.1.2 Minmetals Copper likely to produce around 40,000t of copper in 2016 11
5.1.3 Kangxi Copper to expand its copper capacity to 100,000tpy 11
5.2 Copper rod plants 11
5.2.1 Hengtong Copper Product produces around 25,000t of copper rod in H1 11
5.2.2 Deli Copper to produce 120,000t of copper rod in H2 12
5.2.3 Guangzhou Jiangtong produces around 170,000t of copper rod in H1 12
6 Related industry developments 12
6.1China’s real estate development investment up by 7% YOY in H1 2016 12
6.2 China’s investment in power grid during Jan-June up by 33.2% YOY 12
7 Outlook for August 12
Picture 1 3-month copper on LME in June-July 3
Picture 2 Copper inventories on LME in June-July 3
Picture 3 Copper prices in Chinese market in June-July 4
Picture 4 Copper premiums in Shanghai in June-July 4
Picture 5 Copper concentrate 20%min prices in China in June-July 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 8
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 June 7
Table 2 Major Chinese refined copper importers in June 8
Table 3 Chinese imports of copper ore and concentrate in June 9
Table 4 Major Chinese copper ore and concentrate importers in June 9
Table 5 Chinese imports of copper scrap in June 10
Table 6 Major Chinese copper scrap importers in June 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 5
2.4 Copper scrap still in tight supply 5
3 Monthly production data 5
3.1 Global refined copper output analysis 5
3.1.1 Global refined copper market in a deficit of 48,000t during Jan-May 5
3.2 Chinese copper product output analysis 5
3.2.1 Operating rate of China’s low-oxygen copper rod plants falls to 55.15% in July 5
3.2.2 Copper rod stocks in Chinese low-oxygen copper rod plants up by 15.2% MOM in late July 6
4 Import data 7
4.1 China’s copper imports down by 4.4% MOM in June 7
4.2 China’s copper ore and concentrate imports down by 5.5% MOM in June 8
4.3 Chinese imports of copper scraps up by 0.9% MOM in June 10
5 Company news 11
5.1 Copper refineries 11
5.1.1 Daye Nonferrous Metal produces around 220,000t of copper in H1 11
5.1.2 Minmetals Copper likely to produce around 40,000t of copper in 2016 11
5.1.3 Kangxi Copper to expand its copper capacity to 100,000tpy 11
5.2 Copper rod plants 11
5.2.1 Hengtong Copper Product produces around 25,000t of copper rod in H1 11
5.2.2 Deli Copper to produce 120,000t of copper rod in H2 12
5.2.3 Guangzhou Jiangtong produces around 170,000t of copper rod in H1 12
6 Related industry developments 12
6.1China’s real estate development investment up by 7% YOY in H1 2016 12
6.2 China’s investment in power grid during Jan-June up by 33.2% YOY 12
7 Outlook for August 12
Picture 1 3-month copper on LME in June-July 3
Picture 2 Copper inventories on LME in June-July 3
Picture 3 Copper prices in Chinese market in June-July 4
Picture 4 Copper premiums in Shanghai in June-July 4
Picture 5 Copper concentrate 20%min prices in China in June-July 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 8
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 June 7
Table 2 Major Chinese refined copper importers in June 8
Table 3 Chinese imports of copper ore and concentrate in June 9
Table 4 Major Chinese copper ore and concentrate importers in June 9
Table 5 Chinese imports of copper scrap in June 10
Table 6 Major Chinese copper scrap importers in June 11
