Copper Market Report April 2017

The tight supply for copper in international market caused by workers’ strike at copper mines was alleviated in April.Asian Metal Copyright In April, Chinese market saw obviously recovered consumptions of copper and China’s copper inventory also reduced significantly due to improved demand from downstream market and unprofitability of imported copper.Asian Metal Copyright However, prices for Chinese spot copper dropped generally affected by destabilizing factors including USA’s air strike on Syria, tensions on the Korean peninsula and French general election.Asian Metal Copyright Orders from companies of copper rod used in electricity and cable wires obviously increased due to the gradual implementation of bidding for power grid.Asian Metal Copyright In April, Chinese market saw obviously recovered consumptions of copper and China’s copper inventory also reduced significantly due to improved demand from downstream market and unprofitability of imported copper.Asian Metal Copyright In April, Chinese market saw obviously recovered consumptions of copper and China’s copper inventory also reduced significantly due to improved demand from downstream market and unprofitability of imported copper.Asian Metal Copyright Besides, demand for copper cathode from downstream copper products plants showed clear improvement.Asian Metal Copyright Prices for Chinese spot copper edged up in late April supported by the improved downstream demand and a reduced inventory.Asian Metal Copyright Orders from companies of copper rod used in electricity and cable wires obviously increased due to the gradual implementation of bidding for power grid.Asian Metal Copyright Besides, demand for copper cathode from downstream copper products plants showed clear improvement.Asian Metal Copyright Although copper rod plants were restricted to release parts of their capacity affected by China’s “Aokai Incident”, the operating rate still rose steadily in general.Asian Metal Copyright However, prices for Chinese spot copper dropped generally affected by destabilizing factors including USA’s air strike on Syria, tensions on the Korean peninsula and French general election.Asian Metal Copyright Prices for Chinese spot copper edged up in late April supported by the improved downstream demand and a reduced inventory. By the end of April, prices for Chinese spot copper cathode had dropped from RMB47,200-47,400/t (USD6,937-6,967/t) in March to RMB46,070-46,270/t (USD6,771-6,801/t).
.Asian Metal Copyright Prices for Chinese spot copper edged up in late April supported by the improved downstream demand and a reduced inventoryAsian Metal Copyright