Monthly Copper Market Report Jan 2018

Contents
1 Market Highlights 3
2 Economy and Policy 3
2.1 Chinese Market 3
2.2 International Market 3
3 Company News 3
3.1 Fuyuan Zinc to suspend crude copper production in mid-January 3
3.2 Dongguan Walsin resumes copper rod production in early January 3
3.3 Tianjin Maolian to build smelters in Zambia 3
3.4 TPCO Copper Industry expects copper rod output to drop in January 3
4 Market Movements 3
4.1 Chinese Market 3
4.1.1 Copper cathode price down 3
4.1.2 TC for imported copper concentrate drops 4
4.1.3 Copper rod production back to normal 5
4.1.4 Rules tightened further for imported copper scrap business 5
4.2 International Market 5
4.2.1 LME copper price falls back 5
4.2.2 LME copper inventory up sharply 5
5 Producers Statistics 5
5.1 China's refined copper output up by 1.52% MOM in Jan 2018 5
5.2 Chinese refined copper producers' stocks up by 23.08% MOM in late Jan 2018 6
5.3 China's low-oxygen copper rod output up by about 2.2% MOM in January 2018 7
5.4 Chinese low-oxygen copper rod producers' stocks down by around 2.6% MOM in late January 2018 7
6 Customs Statistics 8
6.1 China's copper ore and concentrate imports down by about 7.03% MOM in Dec 2017 8
6.2 China's refined copper imports down by 8.75% YOY in Dec 2017 9
6.3 China's copper scrap imports down by about 2.77% MOM in Dec 2017 10
7 Related Industry News 12
7.1 Real Estate 12
7.2 Automobile 12
7.3 Home Appliance 12
7.4 Power 12
8 Market Outlook for Next Month 13
9 Appendix 13

Graph Content
Graph 1 Spot copper price in Chinese market from Dec 2017 to Jan 2018 (RMB/t) 4
Graph 2 Copper premiums in Shanghai from Dec 2017 to Jan 2018 (RMB/t) 4
Graph 3 Copper premiums in Guangzhou from Dec 2017 to Jan 2018 (RMB/t) 4
Graph 4 Spot copper concentrate price trend in China from Dec 2017 to Jan 2018 (RMB/metal ton) 4
Graph 5 3-month copper price trends on LME from Dec 2017 to Jan 2018 (USD/t) 5
Graph 6 LME Copper cathode inventory movement from Dec 2017 to Jan 2018 (ton) 5
Graph 7 China's refined copper output by month from Jan 2017 to Jan 2018 (kt) 6
Graph 8 China's monthly refined copper output by province from Jan 2017 to Jan 2018 (kt) 6
Graph 9 Chinese refined copper producers' stocks by month from Jan 2017 to Jan 2018 (kt) 6
Graph 10 Chinese refined copper producers' monthly stocks by province from Jan 2017 to Jan 2018 (kt) 6
Graph 11 Chinese low-oxygen copper rod producers' output by month from Jan 2017 to Jan 2018 (kt) 7
Graph 12 Chinese low-oxygen copper rod producers' output by month and province from Jan 2017 to Jan 2018 (kt) 7
Graph 13 Chinese low-oxygen copper rod producers' stocks by month from Jan 2017 to Jan 2018 (kt) 7
Graph 14 Chinese low-oxygen copper rod producers' stocks by month and province from Jan 2017 to Jan 2018 (kt) 8
Graph 15 China's copper ore and concentrate imports by month from Jan 2016 to Dec 2017 (kt) 8
Graph 16 China's import of copper concentrate by month and major country from Jan 2016 to Dec 2017 (kt) 8
Graph 17 China's refined copper imports by month from Jan 2016 to Dec 2017 (kt) 9
Graph 18 China's refined copper imports by major country from Jan 2016 to Dec 2017 (kt) 9
Graph 19 China's copper scrap imports by month from Jan 2016 to Dec 2017 (kt) 10
Graph 20 China's copper scrap imports by origin country/region from Jan 2016 to Dec 2017 (kt) 11

Table content
Table 1 China's copper ore and concentrate imports by country/region in December 2017 8
Table 2 China's refined copper imports by country/region in December 2017 10
Table 3 China's copper scrap imports by origin country/region in December 2017 11
Table 4 China's main copper ore importers in December 2017 13
Table 5 China's main refined copper importers in December 2017 14
Table 6 China's main copper scrap importers in December 2017 15


.Asian Metal Copyright2 LME copper inventory up sharply 5 5 Producers Statistics 5 5Asian Metal Copyright