Monthly Copper Market Report Jul 2022
2022-08-12 22:41:33 【Print】
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Content
1 Market Highlights 1
2 Economy and Policy 1
2.1 China further extends tariff exemptions on some U.S. imported products 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
3.1.3 Chinese copper cathode 99.99%min price delivered 1
3.1.4 Chinese copper rod Ф8mm TC EXW 2
3.1.5 Chinese blister copper 98.5%min TC delivered 2
3.1.6 Chinese copper scrap wire 99%min price delivered 2
4 Company News 2
4.1 Xinjiang Wuxin to resume copper cathode production 2
4.2 Faraday Copper updates mineral resource estimate for Copper Creek Cu-Mo-Ag Project 3
4.3 MMG restarts copper production at Las Bambas mine in Peru after protests 3
5 Producers Statistics 3
5.1 Chinese refined copper producers 3
5.1.1 Chinese refined copper producers' operating rate down by 0.6% MoM in Jul 3
5.1.2 Chinese refined copper producers' output up by 0.89% MoM in Jul 3
5.1.3 Chinese refined copper producers' inventory down by 2.48% MoM in Jul 4
5.2 Chinese copper rod producers 4
5.2.1 Chinese copper rod producers' operating rate up by 3.04% in Jun MoM 4
5.2.2 Chinese copper rod producers' output up by 6.12% MoM in Jul 5
5.2.3 Chinese copper rod producers' inventory down by 14.36% MoM in Jul 5
5.3 Chinese copper concentrate producers 5
5.3.1 Chinese copper concentrate producers' operating rate up by 0.05% MoM in Jul 5
5.3.2 Chinese copper concentrate producers' output up by 0.06% MoM in Jul 6
5.3.3 Chinese copper concentrate producers' inventory down by 14.42% MoM in late Jul 6
6 Customs Statistics 6
6.1 China's copper cathode (Cu<99.9935%) import volume rose 16.28% MoM in Jun 2022 6
6.2 China's copper concentrate import volume grew 23.24% YoY in Jun 2022 7
6.3 China's copper rod export volume increased 21.60% YoY in Jun 2022 8
6.4 China's copper anode and blister import volume rose 22.07% YoY in Jun 2022 8
7 Relevant Industry News 9
7.1 Bauba Resources' subsidiary granted Cr-Co-Cu-Ni mining right for eight years 9
7.2 China further extends tariff exemptions on some U.S. imported products 9
7.3 Chile plans to raise copper mining royalties and taxes on high-income earners 10
7.4 Rio Tinto reports 9% rise in mined copper production for second quarter 10
7.5 GACC: China's copper ore and concentrate imports up by 8.6% YoY in Jan-Jun 10
8 Market Outlook for Next Month 10
8.1 Copper Concentrate 25%min TC CIF China 10
8.2 Chinese copper concentrate 20%min price delivered 10
8.3 Chinese copper cathode 99.99%min price delivered 10
8.4 Chinese copper rod Ф8mm TC EXW 10
8.5 Chinese blister copper 98.5%min TC delivered 10
8.6 Chinese copper scrap wire 99%min price delivered 10
Graph Content
Graph 1 TC for imported copper concentrate 25%min in Chinese market from 01/07/2022 to 31/07/2022 (USD/t) 1
Graph 2 Chinese copper concentrate 20%min price trend from 01/07/2022 to 31/07/2022 (RMB/metal ton) 1
Graph 3 Chinese copper cathode 99.99%min spot price trend from 01/07/2022 to 31/07/2022 (RMB/t) 1
Graph 4 TCs for copper rod Ф8mm in Chinese market from 01/07/2022 to 31/07/2022 (EXW, RMB/t) 2
Graph 5 TCs for blister copper 98.5% min in Chinese market from 01/07/2022 to 31/07/2022 (RMB/t) 2
Graph 6 Chinese copper scrap wire 99%min price trend from 01/07/2022 to 31/07/2022 (RMB/t) 2
Graph 7 Chinese refined copper producers' operating rate by month from 01/07/2021 to 31/07/2022 (%) 3
Graph 8 Chinese refined copper producers' operating rate by region by month from 01/07/2021 to 31/07/2022 (%) 3
Graph 9 Chinese refined copper producers' output by month from 01/07/2021 to 31/07/2022 (tonne) 3
Graph 10 Chinese refined copper producers' output by region by month from 01/07/2021 to 31/07/2022 (tonne) 4
Graph 11 Chinese refined copper producers' inventory by month from 01/07/2021 to 31/07/2022 (tonne) 4
Graph 12 Chinese refined copper producers' inventory by region by month from 01/07/2021 to 31/07/2022 (tonne) 4
Graph 13 Chinese copper rod producers' operating rate by month from 01/07/2021 to 31/07/2022 (%) 4
Graph 14 Chinese copper rod producers' operating rate by region by month from 01/07/2021 to 31/07/2022 (%) 4
Graph 15 Chinese copper rod producers' output by month from 01/07/2021 to 31/07/2022 (tonne) 5
Graph 16 Chinese copper rod producers' output by region by month from 01/07/2021 to 31/07/2022 (tonne) 5
Graph 17 Chinese copper rod producers' inventory by month from 01/07/2021 to 31/07/2022 (tonne) 5
Graph 18 Chinese copper rod producers' inventory by region by month from 01/07/2021 to 31/07/2022 (tonne) 5
Graph 19 Chinese copper concentrate producers' operating rate by month from 01/07/2021 to 31/07/2022 (%) 5
Graph 20 Chinese copper concentrate producers' operating rate by region by month from 01/07/2021 to 31/07/2022 (%) 6
Graph 21 Chinese copper concentrate producers' output by month from 01/07/2021 to 31/07/2022 (metal ton) 6
Graph 22 Chinese copper concentrate producers' output by region by month from 01/07/2021 to 31/07/2022 (metal ton) 6
Graph 23 Chinese copper concentrate producers' inventory by month from 01/07/2021 to 31/07/2022 (metal ton) 6
Graph 24 Chinese copper concentrate producers' inventory by region by month from 01/07/2021 to 31/07/2022 (metal ton) 6
Graph 25 China's import volume of copper cathode (Cu<99.9935%) in previous 13 months 7
Graph 26 China's import volume of copper cathode (Cu<99.9935%) from top three countries in previous 13 months 7
Graph 27 China's import volume of copper concentrate in previous 13 months 7
Graph 28 China's import volume of copper concentrate from top three countries in previous 13 months 8
Graph 29 China's export volume of copper rod in previous 13 months 8
Graph 30 China's export volume of copper rod to top three countries in previous 13 months 8
Graph 31 China's import volume of copper anode and blister in previous 13 months 9
Graph 32 China's import volume of copper anode and blister from top three countries in previous 13 months 9
1 Market Highlights 1
2 Economy and Policy 1
2.1 China further extends tariff exemptions on some U.S. imported products 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
3.1.3 Chinese copper cathode 99.99%min price delivered 1
3.1.4 Chinese copper rod Ф8mm TC EXW 2
3.1.5 Chinese blister copper 98.5%min TC delivered 2
3.1.6 Chinese copper scrap wire 99%min price delivered 2
4 Company News 2
4.1 Xinjiang Wuxin to resume copper cathode production 2
4.2 Faraday Copper updates mineral resource estimate for Copper Creek Cu-Mo-Ag Project 3
4.3 MMG restarts copper production at Las Bambas mine in Peru after protests 3
5 Producers Statistics 3
5.1 Chinese refined copper producers 3
5.1.1 Chinese refined copper producers' operating rate down by 0.6% MoM in Jul 3
5.1.2 Chinese refined copper producers' output up by 0.89% MoM in Jul 3
5.1.3 Chinese refined copper producers' inventory down by 2.48% MoM in Jul 4
5.2 Chinese copper rod producers 4
5.2.1 Chinese copper rod producers' operating rate up by 3.04% in Jun MoM 4
5.2.2 Chinese copper rod producers' output up by 6.12% MoM in Jul 5
5.2.3 Chinese copper rod producers' inventory down by 14.36% MoM in Jul 5
5.3 Chinese copper concentrate producers 5
5.3.1 Chinese copper concentrate producers' operating rate up by 0.05% MoM in Jul 5
5.3.2 Chinese copper concentrate producers' output up by 0.06% MoM in Jul 6
5.3.3 Chinese copper concentrate producers' inventory down by 14.42% MoM in late Jul 6
6 Customs Statistics 6
6.1 China's copper cathode (Cu<99.9935%) import volume rose 16.28% MoM in Jun 2022 6
6.2 China's copper concentrate import volume grew 23.24% YoY in Jun 2022 7
6.3 China's copper rod export volume increased 21.60% YoY in Jun 2022 8
6.4 China's copper anode and blister import volume rose 22.07% YoY in Jun 2022 8
7 Relevant Industry News 9
7.1 Bauba Resources' subsidiary granted Cr-Co-Cu-Ni mining right for eight years 9
7.2 China further extends tariff exemptions on some U.S. imported products 9
7.3 Chile plans to raise copper mining royalties and taxes on high-income earners 10
7.4 Rio Tinto reports 9% rise in mined copper production for second quarter 10
7.5 GACC: China's copper ore and concentrate imports up by 8.6% YoY in Jan-Jun 10
8 Market Outlook for Next Month 10
8.1 Copper Concentrate 25%min TC CIF China 10
8.2 Chinese copper concentrate 20%min price delivered 10
8.3 Chinese copper cathode 99.99%min price delivered 10
8.4 Chinese copper rod Ф8mm TC EXW 10
8.5 Chinese blister copper 98.5%min TC delivered 10
8.6 Chinese copper scrap wire 99%min price delivered 10
Graph Content
Graph 1 TC for imported copper concentrate 25%min in Chinese market from 01/07/2022 to 31/07/2022 (USD/t) 1
Graph 2 Chinese copper concentrate 20%min price trend from 01/07/2022 to 31/07/2022 (RMB/metal ton) 1
Graph 3 Chinese copper cathode 99.99%min spot price trend from 01/07/2022 to 31/07/2022 (RMB/t) 1
Graph 4 TCs for copper rod Ф8mm in Chinese market from 01/07/2022 to 31/07/2022 (EXW, RMB/t) 2
Graph 5 TCs for blister copper 98.5% min in Chinese market from 01/07/2022 to 31/07/2022 (RMB/t) 2
Graph 6 Chinese copper scrap wire 99%min price trend from 01/07/2022 to 31/07/2022 (RMB/t) 2
Graph 7 Chinese refined copper producers' operating rate by month from 01/07/2021 to 31/07/2022 (%) 3
Graph 8 Chinese refined copper producers' operating rate by region by month from 01/07/2021 to 31/07/2022 (%) 3
Graph 9 Chinese refined copper producers' output by month from 01/07/2021 to 31/07/2022 (tonne) 3
Graph 10 Chinese refined copper producers' output by region by month from 01/07/2021 to 31/07/2022 (tonne) 4
Graph 11 Chinese refined copper producers' inventory by month from 01/07/2021 to 31/07/2022 (tonne) 4
Graph 12 Chinese refined copper producers' inventory by region by month from 01/07/2021 to 31/07/2022 (tonne) 4
Graph 13 Chinese copper rod producers' operating rate by month from 01/07/2021 to 31/07/2022 (%) 4
Graph 14 Chinese copper rod producers' operating rate by region by month from 01/07/2021 to 31/07/2022 (%) 4
Graph 15 Chinese copper rod producers' output by month from 01/07/2021 to 31/07/2022 (tonne) 5
Graph 16 Chinese copper rod producers' output by region by month from 01/07/2021 to 31/07/2022 (tonne) 5
Graph 17 Chinese copper rod producers' inventory by month from 01/07/2021 to 31/07/2022 (tonne) 5
Graph 18 Chinese copper rod producers' inventory by region by month from 01/07/2021 to 31/07/2022 (tonne) 5
Graph 19 Chinese copper concentrate producers' operating rate by month from 01/07/2021 to 31/07/2022 (%) 5
Graph 20 Chinese copper concentrate producers' operating rate by region by month from 01/07/2021 to 31/07/2022 (%) 6
Graph 21 Chinese copper concentrate producers' output by month from 01/07/2021 to 31/07/2022 (metal ton) 6
Graph 22 Chinese copper concentrate producers' output by region by month from 01/07/2021 to 31/07/2022 (metal ton) 6
Graph 23 Chinese copper concentrate producers' inventory by month from 01/07/2021 to 31/07/2022 (metal ton) 6
Graph 24 Chinese copper concentrate producers' inventory by region by month from 01/07/2021 to 31/07/2022 (metal ton) 6
Graph 25 China's import volume of copper cathode (Cu<99.9935%) in previous 13 months 7
Graph 26 China's import volume of copper cathode (Cu<99.9935%) from top three countries in previous 13 months 7
Graph 27 China's import volume of copper concentrate in previous 13 months 7
Graph 28 China's import volume of copper concentrate from top three countries in previous 13 months 8
Graph 29 China's export volume of copper rod in previous 13 months 8
Graph 30 China's export volume of copper rod to top three countries in previous 13 months 8
Graph 31 China's import volume of copper anode and blister in previous 13 months 9
Graph 32 China's import volume of copper anode and blister from top three countries in previous 13 months 9
