Monthly Copper Market Report Feb 2018

Contents
1 Market Highlights 4
2 Economy and Policy 4
2.1 Chinese Market 4
2.2 International Market 4
3 Market Movement 4
3.1 Chinese Market 4
3.1.1 Copper cathode price down 4
3.1.2 Copper concentrate price coefficient stable 5
3.1.3 TC for copper rod up slightly 5
3.1.4 Rules tightened for approval for imported copper scrap 5
3.2 International Market 5
3.2.1 LME copper price down 5
3.2.2 LME copper inventory up sharply 5
4 Company News 6
4.1 West Mining to start pilot run of 100,000tpy copper cathode project in 2018 6
4.2 Hanrui Cobalt plans to build electro-deposit copper and cobalt hydroxide projects in DRC 6
4.3 Zijin copper to launch improvement projects for secondary exploitation 6
4.4 Pengxin Resource African subsidiary obtains stable copper-cobalt supply 6
5 Producers Statistics 6
5.1 China's refined copper output down by 2.99% MOM in Feb 2018 6
5.2 Chinese refined copper producers' stocks up by 47.5% MOM in late Feb 2018 7
5.3 China's low-oxygen copper rod output down by 25.2% MOM in Feb 2018 8
5.4 Chinese low-oxygen copper rod producers' stocks down by 9.21% MOM in late Feb 2018 8
6 Customs Statistics 9
6.1 China's copper ore and concentrate imports down by 1.86% MOM in Jan 2018 9
6.2 China's refined copper imports down by 15.29% MOM in Jan 2018 10
6.3 China's copper scrap imports down by 24.14% MOM in Jan 2018 11
7 Related Industry News 13
7.1 Real Estate 13
7.2 Automobile 13
7.3 Home Appliance 13
7.4 Natural Gas 13
8 Market Outlook for Next Month 13
9 Appendix 14


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


Table Content
Table 1 Statistics on China's imports of copper ore and concentrate by origin in Jan 2018 8
Table 2 Statistics on China's imports of refined copper by origin in Jan 2018 10
Table 3 Statistics on China's imports of copper scrap by origin in Jan 2018 11
Table 4 China's main copper ore importers in Jan 2018 13
Table 5 China's main copper concentrate importers in Jan 2018 14


.Asian Metal CopyrightContents 1 Market Highlights 4 2 Economy and Policy 4 2Asian Metal Copyright