2016 Annual Report on Copper Market

Content

Introduction 3
1. Copper market review in 2016 3
1.1 LME copper prices move up 3
1.2 Copper prices in China up 4
1.3 Copper concentrate prices rise 5
2 Copper output analysis 5
2.1 Global output analysis 5
2.1.1 Global outputs of copper ore and concentrate analysis in 2016 5
2.1.2 Global refined copper output analysis in 2016 6
2.2 Chinese output analysis 7
2.2.1 Chinese copper concentrate output in 2016 7
2.2.2 Chin’s refined copper output in 2016 8
2.2.Asian Metal Copyright1.Asian Metal Copyright2.1 China’s refined copper outputs rise 8
2.2.Asian Metal Copyright3 China’s copper product outputs 10 2.Asian Metal Copyright2.2 Chinese major copper smelters’ outputs in 2016 8
2.2.Asian Metal Copyright2.Asian Metal Copyright2.3 China’s copper cathode capacity rises by 370,000t in 2016 9
2.2.Asian Metal Copyright2.Asian Metal Copyright2.Asian Metal Copyright6% YOY 12 3.Asian Metal Copyright4 China to build additional 1.04 million tons of annual refined copper capacity in 2017 9
2.2.3 China’s copper product outputs 10
2.2.Asian Metal Copyright2.Asian Metal Copyright3.1 China’s copper product outputs in 2016 10
2.2.Asian Metal Copyright1.Asian Metal Copyright3.Asian Metal Copyright2 Chin’s refined copper output in 2016 8 2.Asian Metal Copyright2 Chinese output of low-oxygen copper rod up by 8.26% year-on-year in 2016 11
2.2.Asian Metal Copyright1.Asian Metal Copyright3.Asian Metal Copyright3.Asian Metal Copyright3 China builds additional 1.345 million tonnes of copper rod capacity in 2016 12
3 Import data 12
3.1 China’s copper ore and concentrate imports in 2016 up by 27.6% YOY 12
3.1.1 China’s major copper smelters’ imports of copper concentrate 13
3.1.Asian Metal Copyright2 Chinese major copper smelters’ outputs in 2016 8 2.Asian Metal Copyright1.1 Jiangxi Copper’s copper concentrate imports 13
3.1.Asian Metal Copyright3 China’s copper cathode capacity rises by 370,000t in 2016 9 2.Asian Metal Copyright1.2 Tongling Nonferrous’ copper concentrate imports 13
3.1.Asian Metal Copyright 11 Picture 14 China’s imports of copper ore and concentrate in 2016 12 Picture 15 China's imports of copper ore and concentrate from Jan 2015 to Nov 2016 10kt 12 Picture 16 Main exporters of copper ore and copper concentrate and their exports to China in 2016 13 Picture 17 Chinese imports of copper concentrate in 2010-2016 13 Picture 18 Jiangxi Copper’s copper concentrate imports 13 Picture 19 Tongling Nonferrous’ copper concentrate imports 13 Picture 20 Yunnan Copper’s copper concentrate imports 13 Picture 21 Yanggu Xiangguang’s copper concentrate imports 14 Picture 22 Zijin Copper’s scopper concentrate imports 14 Picture 23 Jinchuan Group’s copper concentrate imports 14 Picture 24 Guangxi Jinchuan’s copper concentrate imports 14 Picture 25 Daye Nonferrous’ copper concentrate imports 14 Picture 26 Jinlong Copper’s copper concentrate imports 14 Picture 27 China’s imports of copper scraps in 2016 15 Picture 28 China’s imports of copper scraps by month in 2015 and 2016 15 Picture 29 Main exporters of copper scraps and their exports to China in 2016 15 Picture 30 China’s copper scrap imports during 2010-2016 15 Picture 31 China’s refined copper imports in 2016 16 Picture 32 China’s refined copper imports in 2015 and 2016 16 Picture 33 China’s refined copper imports by country in 2016 16 Picture 34 China’s refined copper imports in 2010-2016 16 Picture 35 Global copper consumption 2003-2016 Jan-Nov 16 Picture 36 Global copper distribution 20 Picture 37 Copper distribution in China 20 Table 1 Chinese copper smelter’ schedule for annual maintenance in 2016 8 Table 2 Chinese copper smelters’ copper outputs in 2016 8 Table 3 China’s newly increased capacity of refined copper in 2016: Unit: 10kt 9 Table 4 new capacity of refined copper to be built in 2017 9 Table 5 China’s new projects of copper rod built in 2016 12 .Asian Metal Copyright1.3 Yunnan Copper’s copper concentrate imports 13
3.1.Asian Metal Copyright3 Classification of copper 18 1.Asian Metal Copyright1.4 Yanggu Xiangguang’s copper concentrate imports 13
3.1.Asian Metal Copyright2.Asian Metal Copyright1.5 Zijin Copper’s copper concentrate imports 14
3.1.Asian Metal CopyrightContent Introduction 3 1.Asian Metal Copyright1.6 Jinchuan Group’s copper concentrate imports 14
3.1.Asian Metal Copyright2.Asian Metal Copyright1.7 Guangxi Jinchuan’s copper concentrate imports 14
3.1.Asian Metal Copyright Reserves and distribution features of copper in the world 19 2.Asian Metal Copyright1.8 Daye Nonferrous’ copper concentrate imports 14
3.1.Asian Metal Copyright1.Asian Metal Copyright1.9 Jinlong Copper’s copper concentrate imports 14
3.2 China’s imports of copper scraps in 2016 down by 8.48% YOY 14
3.3 China’s copper cathode imports down by 1.33% YOY in 2016 15
4 Downstream consumption 16
4.1. Global copper consumption 16
4.2. Major copper consumption industries in China 17
4.2.1 Electric cable output 17
4.2.2 Refrigerator output 17
4.2.3 Air-conditioning output 17
4.2.4 Automobile output 17
5 Market outlook for 2017 17
Appendix 18
1.Basic attributes of copper 18
1.1 Natural qualities of copper 18
1.2 Main applications of copper 18
1.3 Classification of copper 18
1.4 Classification and distribution of copper ore 19
2. Reserves and distribution features of copper in the world 19
2.1 Distribution of copper in the world 19
2.2 Copper resources in China 20

Picture 1 3-month copper on LME in 2016 4
Picture 2 Copper inventories on LME in 2015 4
Picture 3 Spot copper prices in China in 2015 5
Picture 4 Price trend of copper concentrate 20%min in 2016 5
Picture 5 Spot treatment charges of copper concentrate in 2016 6
Picture 6 Global refined copper output in 2003-2016 7
Picture 7 China’s copper concentrate output by month from 2015 to 2016 (10kt) 7
Picture 8 China’s monthly output of refined copper in 2016 (10kt) 8
Picture 9 China’s monthly output of refined copper in 2015-2016 (10kt) 8
Picture10 China's refined copper output by month in 2016 (10kt): 10
Picture 11 China's refined copper output by month from Jan 2015 to Nov 2016 (10kt) 10
Picture 12 Chinese monthly output of low-oxygen copper rod in 2016. 11
Picture 13 Chinese monthly output of low-oxygen copper rod in 2015-2016. 11
Picture 14 China’s imports of copper ore and concentrate in 2016 12
Picture 15 China's imports of copper ore and concentrate from Jan 2015 to Nov 2016 (10kt) 12
Picture 16 Main exporters of copper ore and copper concentrate and their exports to China in 2016 13
Picture 17 Chinese imports of copper concentrate in 2010-2016 13
Picture 18 Jiangxi Copper’s copper concentrate imports 13
Picture 19 Tongling Nonferrous’ copper concentrate imports 13
Picture 20 Yunnan Copper’s copper concentrate imports 13
Picture 21 Yanggu Xiangguang’s copper concentrate imports 14
Picture 22 Zijin Copper’s scopper concentrate imports 14
Picture 23 Jinchuan Group’s copper concentrate imports 14
Picture 24 Guangxi Jinchuan’s copper concentrate imports 14
Picture 25 Daye Nonferrous’ copper concentrate imports 14
Picture 26 Jinlong Copper’s copper concentrate imports 14
Picture 27 China’s imports of copper scraps in 2016 15
Picture 28 China’s imports of copper scraps by month in 2015 and 2016 15
Picture 29 Main exporters of copper scraps and their exports to China in 2016 15
Picture 30 China’s copper scrap imports during 2010-2016 15
Picture 31 China’s refined copper imports in 2016 16
Picture 32 China’s refined copper imports in 2015 and 2016 16
Picture 33 China’s refined copper imports by country in 2016 16
Picture 34 China’s refined copper imports in 2010-2016 16
Picture 35 Global copper consumption 2003-2016 (Jan-Nov) 16
Picture 36 Global copper distribution 20
Picture 37 Copper distribution in China 20

Table 1 Chinese copper smelter’ schedule for annual maintenance in 2016 8
Table 2 Chinese copper smelters’ copper outputs in 2016 8
Table 3 China’s newly increased capacity of refined copper in 2016: (Unit: 10kt) 9
Table 4 new capacity of refined copper to be built in 2017 9
Table 5 China’s new projects of copper rod built in 2016 12

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