Monthly Copper Market Report Oct 2021

Content
1 Market Highlights 1
2 Economy and Policy 1
2.1 Chinese Market 1
2.1.1 China releases fourth batch of national copper, aluminum, zinc reserves 1
2.1.2 NDRC issues notice on further deepening market-oriented reform of on-grid price of coal-fired power generation 1
2.2 International Market 1
2.2.1 GSP Resource announces final drill results for Alwin Copper Mine Project 1
3 Market Movements 1
3.1 Chinese Market 1
3.1.1 Copper concentrate 25%min TC CIF China 1
3.1.2 Chinese copper concentrate 20%min price delivered 1
3.1.Asian Metal Copyright8 Dongying Jinxi Copper reduces copper cathode production 4 4.Asian Metal Copyright3 Chinese copper cathode 99.99%min price delivered 2
3.1.4 Chinese copper rod Ф8mm TC EXW 2
3.1.Asian Metal Copyright9935% import volume decreased 53.Asian Metal Copyright5 Chinese blister copper 98.5%min TC delivered 2
3.1.6 Chinese copper scrap wire 99%min price delivered 2
4 Company News 3
4.1 C3 Metals provides update on drilling program at Jasperoide Copper-Gold Project 3
4.2 Max Resource reports high-grade copper-silver zone at CONEJO, Northeastern Colombia 3
4.3 Red River Resources reports Q1 FY22 copper, zinc and lead production at Thalanga Operations 3
4.4 Rio Tinto records lower mined copper output in Q3 2021 3
4.5 Dowstone announces 400-mln-yuan capital increase in MMT to ensure stable copper and cobalt ore supply 4
4.6 Hami Yanxin Copper stops copper concentrate production 4
4.7 Changzhou Yuanmei New Material stops copper rod production 4
4.8 Dongying Jinxi Copper reduces copper cathode production 4
4.9 Wuzhou Jinsheng Copper reduces copper cathode production 5
5 Producers Statistics 5
5.1 Chinese refined copper producers 5
5.1.Asian Metal Copyright1.Asian Metal Copyright1 Chinese refined copper producers' operating rate down by 2.80% MoM in Oct 5
5.1.Asian Metal Copyright2 NDRC issues notice on further deepening market-oriented reform of on-grid price of coal-fired power generation 1 2.Asian Metal Copyright2 Chinese refined copper producers' output down by 4.0% MoM in Oct 5
5.1.Asian Metal Copyright1 Chinese refined copper producers 5 5.Asian Metal Copyright3 Chinese refined copper producers' inventory down by 6.22% MoM in Oct 6
5.2 Chinese copper rod producers 6
5.2.Asian Metal Copyright1.Asian Metal Copyright1 Chinese copper rod producers' operating rate down by 0.2% in Oct MoM 6
5.2.Asian Metal Copyright7 Changzhou Yuanmei New Material stops copper rod production 4 4.Asian Metal Copyright2 Chinese copper rod producers' output down by 0.29% MoM in Oct 7
5.2.Asian Metal Copyright5% min in Chinese market from 01092021 to 31102021 RMBt 2 Graph 6 Chinese copper scrap wire 99%min price trend from 01092021 to 31102021 RMBt 3 Graph 9 Chinese refined copper producers' operating rate by month from 01102020 to 31102021 % 5 Graph 10 Chinese refined copper producers' operating rate by region by month from 01102020 to 31102021 % 5 Graph 11 Chinese refined copper producers' output by month from 01102020 to 31102021 tonne 5 Graph 12 Chinese refined copper producers' output by region by month from 01102020 to 31102021 tonne 6 Graph 13 Chinese refined copper producers' inventory by month from 01102020 to 31102021 tonne 6 Graph 14 Chinese refined copper producers' inventory by region by month from 01102020 to 31102021 tonne 6 Graph 15 Chinese copper rod producers' operating rate by month from 01102020 to 31102021 % 6 Graph 16 Chinese copper rod producers' operating rate by region by month from 01102020 to 31102021 % 6 Graph 17 Chinese copper rod producers' output by month from 01102020 to 31102021 tonne 7 Graph 18 Chinese copper rod producers' output by region by month from 01102020 to 31102021 tonne 7 Graph 19 Chinese copper rod producers' inventory by month from 01102020 to 31102021 tonne 7 Graph 20 Chinese copper rod producers' inventory by region by month from 01102020 to 31102021 tonne 7 Graph 21 Chinese copper concentrate producers' operating rate by month from 01102020 to 31102021 % 8 Graph 22 Chinese copper concentrate producers' operating rate by region by month from 01092020 to 30092021 % 8 Graph 23 Chinese copper concentrate producers' output by month from 01102020 to 31102021 metal ton 8 Graph 24 Chinese copper concentrate producers' output by region by month 01102020 to 31102021 metal ton 8 Graph 25 Chinese copper concentrate producers' inventory by month from 01102020 to 31102021 metal ton 9 Graph 26 Chinese copper concentrate producers' inventory by region by month from 01102020 to 31102021 metal ton 9 Graph 27 China's refined copper import volume by month from 01092020 to 30092021 tonne 9 Graph 28 China's refined copper import volume by major country by month from 01092020 to 30092021 tonne 10 Graph 29 China's copper concentrate import volume by month from 01092020 to 30092021 tonne 10 Graph 30 China's copper concentrate import volume by major country by month from 01092020 to 30092021 tonne 11 Graph 31 China's copper billet import volume by month from 01092020 to 30092021 tonne 11 Graph 32 China's copper scrap import volume by major country by month from 01092020 to 30092021 tonne 11 .Asian Metal Copyright3 Chinese copper rod producers' inventory down by 1.39% MoM in Oct 7
5.3 Chinese copper concentrate producers 8
5.3.Asian Metal Copyright7 Changzhou Yuanmei New Material stops copper rod production 4 4.Asian Metal Copyright1 Chinese copper concentrate producers' operating rate down by 4.99% MoM in Oct 8
5.3.Asian Metal Copyright2 Chinese copper concentrate 20%min price delivered 1 3.Asian Metal Copyright2 Chinese copper concentrate producers' output down by 6.01% MoM in Oct 8
5.3.Asian Metal Copyright99%min spot price trend from 01092021 to 31102021 RMBt 2 Graph 4 TCs for copper rod Ф8mm in Chinese market from 01092021 to 31102021 EXW, RMBt 2 Graph 5 TCs for blister copper 98.Asian Metal Copyright3 Chinese copper concentrate producers' inventory down by 13.54% MoM in late Oct 9
6 Customs Statistics 9
6.1 China's copper cathode (Cu≥99.Asian Metal Copyright2 Chinese copper rod producers 6 5.Asian Metal Copyright9935%) import volume decreased 53.31% YoY in Sep 2021 9
6.2 China's copper concentrate import volume grew 11.93% MoM in Sep 2021 10
6.3 China's copper billet import volume decreased 29.75% MoM in Sep 2021 11
7 Relevant Industry News 12
7.1 Power Sector 12
7.2 Real Estate 12
8 Market Outlook for Next Month 12


Graph content
Graph 1 TC for imported copper concentrate 25%min in Chinese market from 01/09/2021 to 31/10/2021 (USD/t) 1
Graph 2 Chinese copper concentrate 20%min price trend from 01/09/2021 to 31/10/2021 (RMB/metal ton) 2
Graph 3 Chinese copper cathode 99.99%min spot price trend from 01/09/2021 to 31/10/2021 (RMB/t) 2
Graph 4 TCs for copper rod Ф8mm in Chinese market from 01/09/2021 to 31/10/2021 (EXW, RMB/t) 2
Graph 5 TCs for blister copper 98.5% min in Chinese market from 01/09/2021 to 31/10/2021 (RMB/t) 2
Graph 6 Chinese copper scrap wire 99%min price trend from 01/09/2021 to 31/10/2021 (RMB/t) 3
Graph 9 Chinese refined copper producers' operating rate by month from 01/10/2020 to 31/10/2021 (%) 5
Graph 10 Chinese refined copper producers' operating rate by region by month from 01/10/2020 to 31/10/2021 (%) 5
Graph 11 Chinese refined copper producers' output by month from 01/10/2020 to 31/10/2021 (tonne) 5
Graph 12 Chinese refined copper producers' output by region by month from 01/10/2020 to 31/10/2021 (tonne) 6
Graph 13 Chinese refined copper producers' inventory by month from 01/10/2020 to 31/10/2021 (tonne) 6
Graph 14 Chinese refined copper producers' inventory by region by month from 01/10/2020 to 31/10/2021 (tonne) 6
Graph 15 Chinese copper rod producers' operating rate by month from 01/10/2020 to 31/10/2021 (%) 6
Graph 16 Chinese copper rod producers' operating rate by region by month from 01/10/2020 to 31/10/2021 (%) 6
Graph 17 Chinese copper rod producers' output by month from 01/10/2020 to 31/10/2021 (tonne) 7
Graph 18 Chinese copper rod producers' output by region by month from 01/10/2020 to 31/10/2021 (tonne) 7
Graph 19 Chinese copper rod producers' inventory by month from 01/10/2020 to 31/10/2021 (tonne) 7
Graph 20 Chinese copper rod producers' inventory by region by month from 01/10/2020 to 31/10/2021 (tonne) 7
Graph 21 Chinese copper concentrate producers' operating rate by month from 01/10/2020 to 31/10/2021 (%) 8
Graph 22 Chinese copper concentrate producers' operating rate by region by month from 01/09/2020 to 30/09/2021 (%) 8
Graph 23 Chinese copper concentrate producers' output by month from 01/10/2020 to 31/10/2021 (metal ton) 8
Graph 24 Chinese copper concentrate producers' output by region by month 01/10/2020 to 31/10/2021 (metal ton) 8
Graph 25 Chinese copper concentrate producers' inventory by month from 01/10/2020 to 31/10/2021 (metal ton) 9
Graph 26 Chinese copper concentrate producers' inventory by region by month from 01/10/2020 to 31/10/2021 (metal ton) 9
Graph 27 China's refined copper import volume by month from 01/09/2020 to 30/09/2021 (tonne) 9
Graph 28 China's refined copper import volume by major country by month from 01/09/2020 to 30/09/2021 (tonne) 10
Graph 29 China's copper concentrate import volume by month from 01/09/2020 to 30/09/2021 (tonne) 10
Graph 30 China's copper concentrate import volume by major country by month from 01/09/2020 to 30/09/2021 (tonne) 11
Graph 31 China's copper billet import volume by month from 01/09/2020 to 30/09/2021 (tonne) 11
Graph 32 China's copper scrap import volume by major country by month from 01/09/2020 to 30/09/2021 (tonne) 11



.Asian Metal Copyright3Asian Metal Copyright