Monthly Copper Market Report Apr 2018

Contents
1 Market Highlights 3
2 Economy and Policy 3
2.1 Chinese Market 3
2.2 International Market 3
3 Market Movements 3
3.1 Chinese Market 3
3.1.1 Copper Cathode price rebounds 3
3.1.2 Copper concentrate price up 4
3.1.3 Copper rod producers' operating rate rises 4
3.1.4 11th import quota for copper scrap issued 4
3.2 International Market 5
3.2.1 LME copper price goes up 5
3.2.2 LME copper inventory down sharply 5
4 Company News 5
4.1 Hongyue Group Beifang Copper's copper cathode output up in April 5
4.2 Luoyang Copper sees increased copper strip output in April 5
4.3 Debao Copper produced less copper concentrate in April 5
5 Producer Statistics 5
5.1 Chinese refined copper output up by 4.44% YOY in Apr 2018 5
5.2 Chinese refined copper producers' inventory up by 9.4% MOM in late Apr 2018 6
5.3 China's low-oxygen copper rod output up by about 3.5% YOY in Apr 2018 6
5.4 Chinese low-oxygen copper rod producers' inventory down by 7.9% YOY in late Apr 2018 7
6 Customs Statistics 7
6.1 China's copper ore and concentrate imports down by 10.26% MOM in Mar 2018 7
6.2 China's refined copper imports up by 34.58% MOM in Mach 2018 9
6.3 China's copper scrap imports up by 71.8% MOM in March 2018 10
7 Relevant Industry News 11
7.1 Real Estate 11
7.2 Automobile 11
8 Market Outlook for Next Month 11


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


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


.Asian Metal Copyright3 China's copper scrap imports up by 71Asian Metal Copyright