Copper Market Report January 2017
2017-03-07 18:09:23 【Print】
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Abstract 3
1. International market review 3
1.1 LME copper price fluctuate up 3
1.2 Copper inventories on LME reduced significantly 3
2. Chinese domestic market review 4
2.1Spot copper prices fluctuate up 4
2.2Smelter’s demand for spot copper concentrate weakened 5
2.3 Copper rod producers’ operating rate dropped 6
2.4 Supply and demand for copper scrap weakened 6
3. Monthly production data 7
3.1Global refined copper output analysis 7
3.11 Global refined copper market in surplus of 17,000t during Jan-Nov in 2016 7
3.2Chinese copper product output analysis 7
3.2.1 AM Statistics: Operating rate of Chinese low-oxygen copper rod producers down to 51.5% in January 2017 7
3.2.2 AM Statistics: Copper rod stocks in Chinese low-oxygen copper rod plants up by around 11.32% MOM in late January 8
4. Import & Export data 9
4.1 China’s refined copper imports up by 30% MOM in Dec 2016 9
4.2 China’s copper ore and concentrate imports down by about 5.36% MOM in December 11
4.3 China’s copper scrap imports edge up by 0.28% MOM in Dec 2016 13
5． Company news 15
5.1 Copper refineries 15
5.1.1Duobaoshan Copper Industry to increase copper concentrate outputs in 2017 15
5.1.2 Daye Nonferrous holds large volumes of coppercathode stocks 15
5.2 Copper rod plants 15
5.2.1Baosheng Copper resumes copper rod production on Jan 4th 15
5.2.2 Jiangbei Dachuang to suspend copper rod productionon January 20 16
6． Related industry developments 16
6.1China’s investment in real estate development up by 6.9% YOY in 2016 16
6.2 Investment plan for power grid construction in 2017 16
7．Market outlook for December 16
Picture1 3-month copper on LME from Dec 2016 to Jan 2017 3
Picture2 Copper inventories on LME from Dec 2016 to Jan 2017(t) 4
Picture3 Copper prices in Chinese market from Dec 2016 to Jan 2017 4
Picture4 Copper premiums in Shanghai from Dec 2016 to Jan 2017 4
Picture5 Copper concentrate price trend in China from Dec 2016 to Jan 2017 5
Picture10 China’s refined copper imports in 2015- 2016 8
Picture11 China’s refined copper imports by major country in 2015- 2016 9
Picture12 Copper ore and concentrate imports in 2015-2016 10
Picture13 Copper ore and concentrate imports by major country in 2015-2016 10
Picture14 Chinese imports of copper scrap in 2015-2016 11
Picture15 Chinese imports of copper scrap by major country in 2015-2016 12
Table1China’s refined copper imports by Country in Dec 2016 10
Table2 China’s copper ore imports by country in December 2016 12
Table3 Major Chinese copper ore importers in December 2016 12
Table4 Chinese imports of copper scrap in January 2017 14
Table5 Major Chinese copper scrap importers in January 2017 15
Table6 Major Chinese copper concentrate importers in January 2017 16
Table7 Major Chinese refined copper importers in January 2017 20
Table8 Major Chinese copper scrap impoters in January 2017 25
1. International market review 3
1.1 LME copper price fluctuate up 3
1.2 Copper inventories on LME reduced significantly 3
2. Chinese domestic market review 4
2.1Spot copper prices fluctuate up 4
2.2Smelter’s demand for spot copper concentrate weakened 5
2.3 Copper rod producers’ operating rate dropped 6
2.4 Supply and demand for copper scrap weakened 6
3. Monthly production data 7
3.1Global refined copper output analysis 7
3.11 Global refined copper market in surplus of 17,000t during Jan-Nov in 2016 7
3.2Chinese copper product output analysis 7
3.2.1 AM Statistics: Operating rate of Chinese low-oxygen copper rod producers down to 51.5% in January 2017 7
3.2.2 AM Statistics: Copper rod stocks in Chinese low-oxygen copper rod plants up by around 11.32% MOM in late January 8
4. Import & Export data 9
4.1 China’s refined copper imports up by 30% MOM in Dec 2016 9
4.2 China’s copper ore and concentrate imports down by about 5.36% MOM in December 11
4.3 China’s copper scrap imports edge up by 0.28% MOM in Dec 2016 13
5． Company news 15
5.1 Copper refineries 15
5.1.1Duobaoshan Copper Industry to increase copper concentrate outputs in 2017 15
5.1.2 Daye Nonferrous holds large volumes of coppercathode stocks 15
5.2 Copper rod plants 15
5.2.1Baosheng Copper resumes copper rod production on Jan 4th 15
5.2.2 Jiangbei Dachuang to suspend copper rod productionon January 20 16
6． Related industry developments 16
6.1China’s investment in real estate development up by 6.9% YOY in 2016 16
6.2 Investment plan for power grid construction in 2017 16
7．Market outlook for December 16
Picture1 3-month copper on LME from Dec 2016 to Jan 2017 3
Picture2 Copper inventories on LME from Dec 2016 to Jan 2017(t) 4
Picture3 Copper prices in Chinese market from Dec 2016 to Jan 2017 4
Picture4 Copper premiums in Shanghai from Dec 2016 to Jan 2017 4
Picture5 Copper concentrate price trend in China from Dec 2016 to Jan 2017 5
Picture10 China’s refined copper imports in 2015- 2016 8
Picture11 China’s refined copper imports by major country in 2015- 2016 9
Picture12 Copper ore and concentrate imports in 2015-2016 10
Picture13 Copper ore and concentrate imports by major country in 2015-2016 10
Picture14 Chinese imports of copper scrap in 2015-2016 11
Picture15 Chinese imports of copper scrap by major country in 2015-2016 12
Table1China’s refined copper imports by Country in Dec 2016 10
Table2 China’s copper ore imports by country in December 2016 12
Table3 Major Chinese copper ore importers in December 2016 12
Table4 Chinese imports of copper scrap in January 2017 14
Table5 Major Chinese copper scrap importers in January 2017 15
Table6 Major Chinese copper concentrate importers in January 2017 16
Table7 Major Chinese refined copper importers in January 2017 20
Table8 Major Chinese copper scrap impoters in January 2017 25
