Monthly Copper Market Report Mar 2023
2023-04-12 23:03:00 【Print】
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Content
1 Market Highlights 1
2 Economy and Policy 1
2.1 NBS: China's ten nonferrous metals production up by 4.3% YoY in 2022 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 Zhongjin Lingnan owns nearly 10Mt of proven nonferrous mineral resources 2
4.2 First Quantum finalizes draft concession agreement with government of Panama on Cobre Panama 2
4.3 Rio Tinto: Underground production starts at Oyu Tolgoi copper mine 3
4.4 Atalaya's 2022 copper production reaches 52.3kt 3
5 Producers Statistics 3
5.1 Chinese refined copper producers 3
5.1.1 Chinese refined copper producers' operating rate down by 1% MoM in Mar 3
5.1.2 Chinese refined copper producers' output down by 1.35% MoM in Mar 3
5.1.3 Chinese refined copper producers' inventory up by 1.96% MoM in Mar 4
5.2 Chinese copper rod producers 4
5.2.1 Chinese copper rod producers' operating rate up by 2.02% in Mar MoM 4
5.2.2 Chinese copper rod producers' output up by 3.48% MoM in Feb 5
5.2.3 Chinese copper rod producers' inventory up by 1.95% MoM in Mar 5
5.3 Chinese copper concentrate producers 5
5.3.1 Chinese copper concentrate producers' operating rate down by 14.75% MoM in Mar 5
5.3.2 Chinese copper concentrate producers' output up by 2.04% MoM in Feb 6
5.3.3 Chinese copper concentrate producers' inventory down by 8.78% MoM in late Feb 6
6 Customs Statistics 6
6.1 China's copper cathode (Cu<99.9935%) import volume decreased 44.29% YoY in Feb 2023 6
6.2 China's copper scrap import volume rose 58.30% YoY in Feb 2023 7
6.3 China's copper rod export volume increased 30.36% MoM in Feb 2023 8
6.4 China's other copper alloys import volume increased 43.69% YoY in Feb 2023 8
7 Relevant Industry News 9
7.1 Qinghai to launch new round of strategic mineral prospecting 9
7.2 Japan's refined copper exports down by 7.1% YoY in Jan 9
7.3 WBMS: Global copper market records deficit of 907kt in 2022 9
7.4 Canada's Highland Copper estimates over 300kt copper production from Copperwood deposit 10
7.5 NBS: China's production of ten nonferrous metals up by 9.8% YoY in Jan-Feb 10
7.6 MIIT: Strive to stabilize mass consumption of automobiles and consumer electronics 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 01/03/2023 to 31/03/2023 (USD/t) 1
Graph 2 Chinese copper concentrate 20%min price trend from 01/03/2023 to 31/03/2023 (RMB/metal ton) 1
Graph 3 Chinese copper cathode 99.99%min spot price trend from 01/03/2023 to 31/03/2023 (RMB/t) 1
Graph 4 TCs for copper rod Ф8mm in Chinese market from 01/03/2023 to 31/03/2023 (EXW, RMB/t) 2
Graph 5 TCs for blister copper 98.5% min in Chinese market from 01/03/2023 to 31/03/2023 (RMB/t) 2
Graph 6 Chinese copper scrap wire 99%min price trend from 01/03/2023 to 31/03/2023 (RMB/t) 2
Graph 7 Chinese refined copper producers' operating rate by month from 01/03/2023 to 31/03/2023 (%) 3
Graph 8 Chinese refined copper producers' operating rate by region by month from 01/03/2023 to 31/03/2023 (%) 3
Graph 9 Chinese refined copper producers' output by month from 01/03/2023 to 31/03/2023 (tonne) 3
Graph 10 Chinese refined copper producers' output by region by month from 01/03/2023 to 31/03/2023 (tonne) 4
Graph 11 Chinese refined copper producers' inventory by month from 01/03/2023 to 31/03/2023 (tonne) 4
Graph 12 Chinese refined copper producers' inventory by region by month from 01/03/2023 to 31/03/2023 (tonne) 4
Graph 13 Chinese copper rod producers' operating rate by month from 01/03/2023 to 31/03/2023 (%) 4
Graph 14 Chinese copper rod producers' operating rate by region by month from 01/03/2023 to 31/03/2023 (%) 4
Graph 15 Chinese copper rod producers' output by month from 01/03/2023 to 31/03/2023 (tonne) 5
Graph 16 Chinese copper rod producers' output by region by month from 01/03/2023 to 31/03/2023 (tonne) 5
Graph 17 Chinese copper rod producers' inventory by month from 01/03/2023 to 31/03/2023 (tonne) 5
Graph 18 Chinese copper rod producers' inventory by region by month from 01/03/2023 to 31/03/2023 (tonne) 5
Graph 19 Chinese copper concentrate producers' operating rate by month from 01/03/2023 to 31/03/2023 (%) 5
Graph 20 Chinese copper concentrate producers' operating rate by region by month from 01/03/2023 to 31/03/2023 (%) 6
Graph 21 Chinese copper concentrate producers' output by month from 02/02/2023 to 28/02/2023 (metal ton) 6
Graph 22 Chinese copper concentrate producers' output by region by month from 02/02/2023 to 28/02/2023 (metal ton) 6
Graph 23 Chinese copper concentrate producers' inventory by month from 02/02/2023 to 28/02/2023 (metal ton) 6
Graph 24 Chinese copper concentrate producers' inventory by region by month from 02/02/2023 to 28/02/2023 (metal ton) 6
Graph 25 China's export volume of copper cathode (Cu≥99.9935%) in previous 13 months 7
Graph 26 China's export volume of copper cathode (Cu≥99.9935%) to top three countries in previous 13 months 7
Graph 27 China's import volume of copper scrap in previous 13 months 7
Graph 28 China's import volume of copper scrap 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 other copper alloys in previous 13 months 9
Graph 32 China's import volume of other copper alloys from top three countries in previous 13 months 9
1 Market Highlights 1
2 Economy and Policy 1
2.1 NBS: China's ten nonferrous metals production up by 4.3% YoY in 2022 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 Zhongjin Lingnan owns nearly 10Mt of proven nonferrous mineral resources 2
4.2 First Quantum finalizes draft concession agreement with government of Panama on Cobre Panama 2
4.3 Rio Tinto: Underground production starts at Oyu Tolgoi copper mine 3
4.4 Atalaya's 2022 copper production reaches 52.3kt 3
5 Producers Statistics 3
5.1 Chinese refined copper producers 3
5.1.1 Chinese refined copper producers' operating rate down by 1% MoM in Mar 3
5.1.2 Chinese refined copper producers' output down by 1.35% MoM in Mar 3
5.1.3 Chinese refined copper producers' inventory up by 1.96% MoM in Mar 4
5.2 Chinese copper rod producers 4
5.2.1 Chinese copper rod producers' operating rate up by 2.02% in Mar MoM 4
5.2.2 Chinese copper rod producers' output up by 3.48% MoM in Feb 5
5.2.3 Chinese copper rod producers' inventory up by 1.95% MoM in Mar 5
5.3 Chinese copper concentrate producers 5
5.3.1 Chinese copper concentrate producers' operating rate down by 14.75% MoM in Mar 5
5.3.2 Chinese copper concentrate producers' output up by 2.04% MoM in Feb 6
5.3.3 Chinese copper concentrate producers' inventory down by 8.78% MoM in late Feb 6
6 Customs Statistics 6
6.1 China's copper cathode (Cu<99.9935%) import volume decreased 44.29% YoY in Feb 2023 6
6.2 China's copper scrap import volume rose 58.30% YoY in Feb 2023 7
6.3 China's copper rod export volume increased 30.36% MoM in Feb 2023 8
6.4 China's other copper alloys import volume increased 43.69% YoY in Feb 2023 8
7 Relevant Industry News 9
7.1 Qinghai to launch new round of strategic mineral prospecting 9
7.2 Japan's refined copper exports down by 7.1% YoY in Jan 9
7.3 WBMS: Global copper market records deficit of 907kt in 2022 9
7.4 Canada's Highland Copper estimates over 300kt copper production from Copperwood deposit 10
7.5 NBS: China's production of ten nonferrous metals up by 9.8% YoY in Jan-Feb 10
7.6 MIIT: Strive to stabilize mass consumption of automobiles and consumer electronics 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 01/03/2023 to 31/03/2023 (USD/t) 1
Graph 2 Chinese copper concentrate 20%min price trend from 01/03/2023 to 31/03/2023 (RMB/metal ton) 1
Graph 3 Chinese copper cathode 99.99%min spot price trend from 01/03/2023 to 31/03/2023 (RMB/t) 1
Graph 4 TCs for copper rod Ф8mm in Chinese market from 01/03/2023 to 31/03/2023 (EXW, RMB/t) 2
Graph 5 TCs for blister copper 98.5% min in Chinese market from 01/03/2023 to 31/03/2023 (RMB/t) 2
Graph 6 Chinese copper scrap wire 99%min price trend from 01/03/2023 to 31/03/2023 (RMB/t) 2
Graph 7 Chinese refined copper producers' operating rate by month from 01/03/2023 to 31/03/2023 (%) 3
Graph 8 Chinese refined copper producers' operating rate by region by month from 01/03/2023 to 31/03/2023 (%) 3
Graph 9 Chinese refined copper producers' output by month from 01/03/2023 to 31/03/2023 (tonne) 3
Graph 10 Chinese refined copper producers' output by region by month from 01/03/2023 to 31/03/2023 (tonne) 4
Graph 11 Chinese refined copper producers' inventory by month from 01/03/2023 to 31/03/2023 (tonne) 4
Graph 12 Chinese refined copper producers' inventory by region by month from 01/03/2023 to 31/03/2023 (tonne) 4
Graph 13 Chinese copper rod producers' operating rate by month from 01/03/2023 to 31/03/2023 (%) 4
Graph 14 Chinese copper rod producers' operating rate by region by month from 01/03/2023 to 31/03/2023 (%) 4
Graph 15 Chinese copper rod producers' output by month from 01/03/2023 to 31/03/2023 (tonne) 5
Graph 16 Chinese copper rod producers' output by region by month from 01/03/2023 to 31/03/2023 (tonne) 5
Graph 17 Chinese copper rod producers' inventory by month from 01/03/2023 to 31/03/2023 (tonne) 5
Graph 18 Chinese copper rod producers' inventory by region by month from 01/03/2023 to 31/03/2023 (tonne) 5
Graph 19 Chinese copper concentrate producers' operating rate by month from 01/03/2023 to 31/03/2023 (%) 5
Graph 20 Chinese copper concentrate producers' operating rate by region by month from 01/03/2023 to 31/03/2023 (%) 6
Graph 21 Chinese copper concentrate producers' output by month from 02/02/2023 to 28/02/2023 (metal ton) 6
Graph 22 Chinese copper concentrate producers' output by region by month from 02/02/2023 to 28/02/2023 (metal ton) 6
Graph 23 Chinese copper concentrate producers' inventory by month from 02/02/2023 to 28/02/2023 (metal ton) 6
Graph 24 Chinese copper concentrate producers' inventory by region by month from 02/02/2023 to 28/02/2023 (metal ton) 6
Graph 25 China's export volume of copper cathode (Cu≥99.9935%) in previous 13 months 7
Graph 26 China's export volume of copper cathode (Cu≥99.9935%) to top three countries in previous 13 months 7
Graph 27 China's import volume of copper scrap in previous 13 months 7
Graph 28 China's import volume of copper scrap 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 other copper alloys in previous 13 months 9
Graph 32 China's import volume of other copper alloys from top three countries in previous 13 months 9
