Monthly Copper Market Report Dec 2022
2023-01-12 20:21:20 【Print】
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Content
1 Market Highlights 1
2 Economy and Policy 1
2.1 China's copper cathode production up by 4.6% YoY in Jan-Nov 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 Rio Tinto expects bauxite production to reach 54-57Mt in 2023 2
4.2 Xinjiang Xinxin stops copper cathode production 2
4.3 Zhangjiagang Lianhe Copper increases copper cathode production 3
4.4 Quanwei Copper decreases output of copper rod 3
4.5 Hammer Metals reports inferred copper resource grading 1.03% 3
4.6 Henan Xinchang Copper decreases output of copper rod 3
4.7 Tongling Nonferrous to buy 70% stake in China Railway Construction Tongguan for RMB6.67 billion 3
5 Producers Statistics 3
5.1 Chinese refined copper producers 3
5.1.1 Chinese refined copper producers' operating rate down by 1.13% MoM in Dec 3
5.1.2 Chinese refined copper producers' output down by 1.56% MoM in Dec 4
5.1.3 Chinese refined copper producers' inventory down by 0.51% MoM in Dec 4
5.2 Chinese copper rod producers 5
5.2.1 Chinese copper rod producers' operating rate down by 3.06% in Dec MoM 5
5.2.2 Chinese copper rod producers' output down by 4.86% MoM in Dec 5
5.2.3 Chinese copper rod producers' inventory down by 11.79% MoM in Dec 5
5.3 Chinese copper concentrate producers 6
5.3.1 Chinese copper concentrate producers' operating rate up by 0.41% MoM in Dec 6
5.3.2 Chinese copper concentrate producers' output down by 1.82% MoM in Dec 6
5.3.3 Chinese copper concentrate producers' inventory down by 8.55% MoM in late Dec 6
6 Customs Statistics 7
6.1 China's copper concentrate import volume grew 29.05% MoM in Nov 2022 7
6.2 China's copper cathode (Cu<99.9935%) import volume declined 49.02% YoY in Nov 2022 8
6.3 China's copper rod export volume declined 42.98% YoY in Nov 2022 8
6.4 China's copper scrap import volume rose 43.18% MoM in Nov 2022 9
7 Relevant Industry News 10
7.1 TC and RC agreed by Freeport-McMoRan and Chinese smelters create new high 10
7.2 GACC: China's copper ore sand and concentrate imports up by 8.6% YOY in Jan-Nov YOY 10
7.3 NBS: China's ten nonferrous metals production up by 4.2% YoY in Jan-Nov 10
7.4 UNCTAD: Global trade value expected to reach USD32 trillion by 2022 10
7.5 Qingyang builds 15,000tpy copper aluminum composite materials project 10
7.6 Quzhou Huachuang New Material breaks ground on 100ktpy copper foil project 10
8 Market Outlook for Next Month 10
8.1 Copper Concentrate 25%min TC CIF China 10
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 11
8.5 Chinese blister copper 98.5%min TC delivered 11
8.6 Chinese copper scrap wire 99%min price delivered 11
Graph Content
Graph 1 TC for imported copper concentrate 25%min in Chinese market from 01/12/2022 to 31/12/2022 (USD/t) 1
Graph 2 Chinese copper concentrate 20%min price trend from 01/12/2022 to 31/12/2022 (RMB/metal ton) 1
Graph 3 Chinese copper cathode 99.99%min spot price trend from 01/12/2022 to 31/12/2022 (RMB/t) 1
Graph 4 TCs for copper rod Ф8mm in Chinese market from 01/12/2022 to 31/12/2022 (EXW, RMB/t) 2
Graph 5 TCs for blister copper 98.5% min in Chinese market from 01/12/2022 to 31/12/2022 (RMB/t) 2
Graph 6 Chinese copper scrap wire 99%min price trend from 01/12/2022 to 31/12/2022 (RMB/t) 2
Graph 7 Chinese refined copper producers' operating rate by month from 01/12/2021 to 31/12/2022 (%) 3
Graph 8 Chinese refined copper producers' operating rate by region by month from 01/12/2021 to 31/12/2022 (%) 4
Graph 9 Chinese refined copper producers' output by month from 01/12/2021 to 31/12/2022 (tonne) 4
Graph 10 Chinese refined copper producers' output by region by month from 01/12/2021 to 31/12/2022 (tonne) 4
Graph 11 Chinese refined copper producers' inventory by month from 01/12/2021 to 31/12/2022 (tonne) 4
Graph 12 Chinese refined copper producers' inventory by region by month from 01/12/2021 to 31/12/2022 (tonne) 4
Graph 13 Chinese copper rod producers' operating rate by month from 01/12/2021 to 31/12/2022 (%) 5
Graph 14 Chinese copper rod producers' operating rate by region by month from 01/12/2021 to 31/12/2022 (%) 5
Graph 15 Chinese copper rod producers' output by month from 01/12/2021 to 31/12/2022 (tonne) 5
Graph 16 Chinese copper rod producers' output by region by month from 01/12/2021 to 31/12/2022 (tonne) 5
Graph 17 Chinese copper rod producers' inventory by month from 01/12/2021 to 31/12/2022 (tonne) 5
Graph 18 Chinese copper rod producers' inventory by region by month from 01/12/2021 to 31/12/2022 (tonne) 6
Graph 19 Chinese copper concentrate producers' operating rate by month from 01/12/2021 to 31/12/2022 (%) 6
Graph 20 Chinese copper concentrate producers' operating rate by region by month from 01/12/2021 to 31/12/2022 (%) 6
Graph 21 Chinese copper concentrate producers' output by month from 01/12/2021 to 31/12/2022 (metal ton) 6
Graph 22 Chinese copper concentrate producers' output by region by month from 01/12/2021 to 31/12/2022 (metal ton) 6
Graph 23 Chinese copper concentrate producers' inventory by month from 01/12/2021 to 31/12/2022 (metal ton) 6
Graph 24 Chinese copper concentrate producers' inventory by region by month from 01/12/2021 to 31/12/2022 (metal ton) 7
Graph 25 China's import volume of copper concentrate in previous 13 months 7
Graph 26 China's import volume of copper concentrate from top three countries in previous 13 months 7
Graph 27 China's import volume of copper cathode (Cu≥99.9935%) in previous 13 months 8
Graph 28 China's import volume of copper cathode (Cu≥99.9935%) 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 9
Graph 31 China's import volume of copper scrap in previous 13 months 9
Graph 32 China's import volume of copper scrap from top three countries in previous 13 months 9
1 Market Highlights 1
2 Economy and Policy 1
2.1 China's copper cathode production up by 4.6% YoY in Jan-Nov 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 Rio Tinto expects bauxite production to reach 54-57Mt in 2023 2
4.2 Xinjiang Xinxin stops copper cathode production 2
4.3 Zhangjiagang Lianhe Copper increases copper cathode production 3
4.4 Quanwei Copper decreases output of copper rod 3
4.5 Hammer Metals reports inferred copper resource grading 1.03% 3
4.6 Henan Xinchang Copper decreases output of copper rod 3
4.7 Tongling Nonferrous to buy 70% stake in China Railway Construction Tongguan for RMB6.67 billion 3
5 Producers Statistics 3
5.1 Chinese refined copper producers 3
5.1.1 Chinese refined copper producers' operating rate down by 1.13% MoM in Dec 3
5.1.2 Chinese refined copper producers' output down by 1.56% MoM in Dec 4
5.1.3 Chinese refined copper producers' inventory down by 0.51% MoM in Dec 4
5.2 Chinese copper rod producers 5
5.2.1 Chinese copper rod producers' operating rate down by 3.06% in Dec MoM 5
5.2.2 Chinese copper rod producers' output down by 4.86% MoM in Dec 5
5.2.3 Chinese copper rod producers' inventory down by 11.79% MoM in Dec 5
5.3 Chinese copper concentrate producers 6
5.3.1 Chinese copper concentrate producers' operating rate up by 0.41% MoM in Dec 6
5.3.2 Chinese copper concentrate producers' output down by 1.82% MoM in Dec 6
5.3.3 Chinese copper concentrate producers' inventory down by 8.55% MoM in late Dec 6
6 Customs Statistics 7
6.1 China's copper concentrate import volume grew 29.05% MoM in Nov 2022 7
6.2 China's copper cathode (Cu<99.9935%) import volume declined 49.02% YoY in Nov 2022 8
6.3 China's copper rod export volume declined 42.98% YoY in Nov 2022 8
6.4 China's copper scrap import volume rose 43.18% MoM in Nov 2022 9
7 Relevant Industry News 10
7.1 TC and RC agreed by Freeport-McMoRan and Chinese smelters create new high 10
7.2 GACC: China's copper ore sand and concentrate imports up by 8.6% YOY in Jan-Nov YOY 10
7.3 NBS: China's ten nonferrous metals production up by 4.2% YoY in Jan-Nov 10
7.4 UNCTAD: Global trade value expected to reach USD32 trillion by 2022 10
7.5 Qingyang builds 15,000tpy copper aluminum composite materials project 10
7.6 Quzhou Huachuang New Material breaks ground on 100ktpy copper foil project 10
8 Market Outlook for Next Month 10
8.1 Copper Concentrate 25%min TC CIF China 10
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 11
8.5 Chinese blister copper 98.5%min TC delivered 11
8.6 Chinese copper scrap wire 99%min price delivered 11
Graph Content
Graph 1 TC for imported copper concentrate 25%min in Chinese market from 01/12/2022 to 31/12/2022 (USD/t) 1
Graph 2 Chinese copper concentrate 20%min price trend from 01/12/2022 to 31/12/2022 (RMB/metal ton) 1
Graph 3 Chinese copper cathode 99.99%min spot price trend from 01/12/2022 to 31/12/2022 (RMB/t) 1
Graph 4 TCs for copper rod Ф8mm in Chinese market from 01/12/2022 to 31/12/2022 (EXW, RMB/t) 2
Graph 5 TCs for blister copper 98.5% min in Chinese market from 01/12/2022 to 31/12/2022 (RMB/t) 2
Graph 6 Chinese copper scrap wire 99%min price trend from 01/12/2022 to 31/12/2022 (RMB/t) 2
Graph 7 Chinese refined copper producers' operating rate by month from 01/12/2021 to 31/12/2022 (%) 3
Graph 8 Chinese refined copper producers' operating rate by region by month from 01/12/2021 to 31/12/2022 (%) 4
Graph 9 Chinese refined copper producers' output by month from 01/12/2021 to 31/12/2022 (tonne) 4
Graph 10 Chinese refined copper producers' output by region by month from 01/12/2021 to 31/12/2022 (tonne) 4
Graph 11 Chinese refined copper producers' inventory by month from 01/12/2021 to 31/12/2022 (tonne) 4
Graph 12 Chinese refined copper producers' inventory by region by month from 01/12/2021 to 31/12/2022 (tonne) 4
Graph 13 Chinese copper rod producers' operating rate by month from 01/12/2021 to 31/12/2022 (%) 5
Graph 14 Chinese copper rod producers' operating rate by region by month from 01/12/2021 to 31/12/2022 (%) 5
Graph 15 Chinese copper rod producers' output by month from 01/12/2021 to 31/12/2022 (tonne) 5
Graph 16 Chinese copper rod producers' output by region by month from 01/12/2021 to 31/12/2022 (tonne) 5
Graph 17 Chinese copper rod producers' inventory by month from 01/12/2021 to 31/12/2022 (tonne) 5
Graph 18 Chinese copper rod producers' inventory by region by month from 01/12/2021 to 31/12/2022 (tonne) 6
Graph 19 Chinese copper concentrate producers' operating rate by month from 01/12/2021 to 31/12/2022 (%) 6
Graph 20 Chinese copper concentrate producers' operating rate by region by month from 01/12/2021 to 31/12/2022 (%) 6
Graph 21 Chinese copper concentrate producers' output by month from 01/12/2021 to 31/12/2022 (metal ton) 6
Graph 22 Chinese copper concentrate producers' output by region by month from 01/12/2021 to 31/12/2022 (metal ton) 6
Graph 23 Chinese copper concentrate producers' inventory by month from 01/12/2021 to 31/12/2022 (metal ton) 6
Graph 24 Chinese copper concentrate producers' inventory by region by month from 01/12/2021 to 31/12/2022 (metal ton) 7
Graph 25 China's import volume of copper concentrate in previous 13 months 7
Graph 26 China's import volume of copper concentrate from top three countries in previous 13 months 7
Graph 27 China's import volume of copper cathode (Cu≥99.9935%) in previous 13 months 8
Graph 28 China's import volume of copper cathode (Cu≥99.9935%) 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 9
Graph 31 China's import volume of copper scrap in previous 13 months 9
Graph 32 China's import volume of copper scrap from top three countries in previous 13 months 9
