Monthly Copper Market Report Feb 2022

Content
1 Market Highlights 1
2 Economy and Policy 1
2.1 NDRC: China's output of ten non-ferrous metals up by 5.4% YOY in 2021 1
2.2 Eight departments in China issue notice on accelerating comprehensive utilization of industrial resources 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 Copyright52% MoM in Feb 4 5.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 Copyright8 Shandong Jinsheng cuts production of copper cathode 4 4.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 Carnaby Resources reports high-grade copper discovery at Greater Duchess Cu-Au Project 3
4.2 Fushun Hongtoushan recovers normal production of copper concentrate 3
4.3 Tianjin Dashan to resume normal production of copper rod 3
4.4 Power Metal Resources completes diamond drilling at Haneti Ni-Cu-Co-PGM Project 3
4.5 Jiangsu Hengtong reduces production of copper rod 3
4.6 Jiangsu Zhongguangrun reduces production of copper rod 3
4.7 Huzhou Jiuli reduces production of copper rod 4
4.8 Shandong Jinsheng cuts production of copper cathode 4
4.9 Hindalco's copper cathode doubles to 102kt in Oct-Dec 2021 4
4.10 Ningbo Shimao reduces production of copper rod 4
5 Producers Statistics 4
5.1 Chinese refined copper producers 4
5.1.Asian Metal Copyright1 Chinese refined copper producers 4 5.Asian Metal Copyright1 Chinese refined copper producers' operating rate down by 0.52% MoM in Feb 4
5.1.Asian Metal Copyright5 Jiangsu Hengtong reduces production of copper rod 3 4.Asian Metal Copyright2 Chinese refined copper producers' output down by 0.63% MoM in Feb 5
5.1.Asian Metal Copyright9935% import volume increased 32.Asian Metal Copyright3 Chinese refined copper producers' inventory up by 3.32% MoM in Feb 5
5.2 Chinese copper rod producers 5
5.2.Asian Metal Copyright1.Asian Metal Copyright1 Chinese copper rod producers' operating rate up by 2.6% in Feb MoM 5
5.2.Asian Metal Copyright4% YOY in 2021 1 2.Asian Metal Copyright2 Chinese copper rod producers' output up by 4.42% MoM in Feb 6
5.2.Asian Metal Copyright28% MoM in Feb 6 5.Asian Metal Copyright3 Chinese copper rod producers' inventory down by 3.32% MoM in Feb 6
5.3 Chinese copper concentrate producers 6
5.3.Asian Metal Copyright99%min price delivered 2 3.Asian Metal Copyright1 Chinese copper concentrate producers' operating rate up by 2.28% MoM in Feb 6
5.3.Asian Metal Copyright7 Huzhou Jiuli reduces production of copper rod 4 4.Asian Metal Copyright2 Chinese copper concentrate producers' output up by 4.27% MoM in Feb 7
5.3.Asian Metal Copyright1.Asian Metal Copyright3 Chinese copper concentrate producers' inventory up by 1.20% MoM in late Feb 7
6 Customs Statistics 8
6.1 China's copper cathode (Cu<99.Asian Metal Copyright2 Chinese copper concentrate producers' output up by 4.Asian Metal Copyright9935%) import volume increased 32.07% YoY in Dec 2021 8
6.2 China's copper scrap import volume increased 38.45% YoY in Dec 2021 8
6.3 China's copper rod export volume fell 36.77% MoM in Dec 2021 9
7 Relevant Industry News 10
7.1 NDRC: China supports corporates to invest in domestic iron ore and copper ore exploitation projects 10
7.2 China unveils new policies to promote steady growth of industrial economy 10
8 Market Outlook for Next Month 10


.Asian Metal Copyright1 Chinese refined copper producers' operating rate down by 0Asian Metal Copyright