Monthly Copper Market Report Mar 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 rebounds 5
3.1.4 Rules tightened further for imported copper scrap approval 6
3.2 International Market 6
3.2.1 LME copper price down 6
3.2.2 LME copper inventory up sharply 6
4 Company News 6
4.1 Zijin Mining plans to acquire Serbia's historical copper mine and smelting assets 6
4.2 Mirador Copper Mine's Tailings Reservoir Dam Diversion Tunnel Project completed 6
4.3 Zijin Mining's Kamoa Project plans to launch mass production by 2020 7
4.4 Copper output rises in China Gold's Jiama deposit 7
5 Producer Statistics 7
5.1 China's refined copper output up by 3.85% MOM in Mar 2018 7
5.2 Chinese refined copper producers' inventory down by 45.8% MOM in late Mar 2018 7
5.3 China's low-oxygen copper rod output up by about 41.8% MOM in March 2018 8
5.4 Chinese low-oxygen copper rod producers' inventory up by 2.9% MOM in late March 2018 9
6 Customs Statistics 9
6.1 China's copper ore and concentrate imports down by 10.48% MOM in Feb 2018 9
6.2 China's refined copper imports down by 17.44% MOM in Feb 2018 10
6.3 China's copper scrap imports down by 35.18% MOM in Feb 2018 11
7 Relevant Industry News 12
7.1 Real Estate 12
7.2 Automobile 13
7.3 Power 13
8 Market Outlook for Next Month 13

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


Table Content
Table 1 Statistics on China's imports of copper ore and concentrate by origin in February 2018: 8
Table 2 Statistics on China's imports of refined copper by origin in February 2018 9
Table 3 Statistics on China's imports of copper scrap by origin in February 2018: 10



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