Monthly Copper Market Report Dec 2023
2024-01-12 20:14:41 【Print】
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Content
1 Market Highlights 1
2 Economy and Policy 1
2.1 China vows to boost construction of basic mining infrastructure 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 2
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 3
4.1 Jiangsu Hengtong increases copper rod output 3
4.2 Quanwei (Tongling) Copper stops copper rod production 3
4.3 Gaowei (Liaoning) Copper reduces copper rod output 3
4.4 Marubeni increases stakes in Los Pelambres copper mine in Chile 3
5 Producers Statistics 3
5.1 Chinese refined copper producers 3
5.1.1 Chinese refined copper producers' operating rate up by 4.08% MoM in Dec 3
5.1.2 Chinese refined copper producers' output up by 4.07% MoM in Dec 4
5.1.3 Chinese refined copper producers' inventory down by 11.07% MoM in Dec 4
5.2 Chinese copper rod producers 4
5.2.1 Chinese copper rod producers' operating rate up by 23.99% in Dec MoM 4
5.2.2 Chinese copper rod producers' output up by 24.00% MoM in Dec 5
5.2.3 Chinese copper rod producers' inventory down by 4.94% MoM in Dec 5
5.3 Chinese copper concentrate producers 6
5.3.1 Chinese copper concentrate producers' operating rate down by 1.14% MoM in Dec 6
5.3.2 Chinese copper concentrate producers' output down by 1.14% MoM in Dec 6
5.3.3 Chinese copper concentrate producers' inventory down by 16.66% MoM in late Dec 6
6 Customs Statistics 7
6.1 China's copper cathode (Cu≥99.9935%) export volume grew 75.04% YoY in Nov 2023 7
6.2 China's copper rod import volume decreased 36.42% YoY in Nov 2023 7
7 Relevant Industry News 9
7.1 China's ten nonferrous metals production up by 7.0% YoY in first ten months 9
7.2 Lifezone Metals confirms expanded mineral resources at Kabanga nickel project 9
7.3 China's ten nonferrous metals production up by 7.1% YoY in first eleven months 9
7.4 WBMS: Global copper market in deficit of 7.9kt in Oct 9
7.5 China to adjust import and export tariffs in 2024 9
8 Market Outlook for Next Month 9
8.1 Copper Concentrate 25%min TC CIF China 9
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 01/12/2023 to 31/12/2023 (USD/t) 1
Graph 2 Chinese copper concentrate 20%min price trend from 01/12/2023 to 31/12/2023 (RMB/metal ton) 1
Graph 3 Chinese copper cathode 99.99%min spot price trend from 01/12/2023 to 31/12/2023 (RMB/t) 2
Graph 4 TCs for copper rod Ф8mm in Chinese market from 01/12/2023 to 31/12/2023 (EXW, RMB/t) 2
Graph 5 TCs for blister copper 98.5% min in Chinese market from 01/12/2023 to 31/12/2023 (RMB/t) 2
Graph 6 Chinese copper scrap wire 99%min price trend from 01/12/2023 to 31/12/2023 (RMB/t) 2
Graph 7 Chinese refined copper producers' operating rate by month from 01/12/2023 to 31/12/2023 (%) 3
Graph 8 Chinese refined copper producers' operating rate by region by month from 01/12/2023 to 31/12/2023 (%) 4
Graph 9 Chinese refined copper producers' output by month from 01/12/2023 to 31/12/2023 (tonne) 4
Graph 10 Chinese refined copper producers' output by region by month from 01/12/2023 to 31/12/2023 (tonne) 4
Graph 11 Chinese refined copper producers' inventory by month from 01/12/2023 to 31/12/2023 (tonne) 4
Graph 12 Chinese refined copper producers' inventory by region by month from 01/12/2023 to 31/12/2023 (tonne) 4
Graph 13 Chinese copper rod producers' operating rate by month from 01/12/2023 to 31/12/2023 (%) 4
Graph 14 Chinese copper rod producers' operating rate by region by month from 01/12/2023 to 31/12/2023 (%) 5
Graph 15 Chinese copper rod producers' output by month from 01/12/2023 to 31/12/2023 (tonne) 5
Graph 16 Chinese copper rod producers' output by region by month from 01/12/2023 to 31/12/2023 (tonne) 5
Graph 17 Chinese copper rod producers' inventory by month from 01/12/2023 to 31/12/2023 (tonne) 5
Graph 18 Chinese copper rod producers' inventory by region by month from 01/12/2023 to 31/12/2023 (tonne) 5
Graph 19 Chinese copper concentrate producers' operating rate by month from 01/12/2023 to 31/12/2023 (%) 6
Graph 20 Chinese copper concentrate producers' operating rate by region by month from 01/12/2023 to 31/12/2023 (%) 6
Graph 21 Chinese copper concentrate producers' output by month from 01/12/2023 to 31/12/2023 (metal ton) 6
Graph 22 Chinese copper concentrate producers' output by region by month from 01/12/2023 to 31/12/2023 (metal ton) 6
Graph 23 Chinese copper concentrate producers' inventory by month from 01/12/2023 to 31/12/2023 (metal ton) 6
Graph 24 Chinese copper concentrate producers' inventory by region by month from 01/12/2023 to 31/12/2023 (metal ton) 6
Graph 25 China's export volume of copper cathode (Cu≥99.9935%) in previous 13 months 7
Graph 26 China's 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 rod in previous 13 months 7
Graph 28 China's import volume of copper rod from top three countries in previous 13 months 8
Graph 29 China's import volume of other copper alloys in previous 13 months 8
Graph 30 China's import volume of other copper alloys from top three countries in previous 13 months 8
1 Market Highlights 1
2 Economy and Policy 1
2.1 China vows to boost construction of basic mining infrastructure 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 2
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 3
4.1 Jiangsu Hengtong increases copper rod output 3
4.2 Quanwei (Tongling) Copper stops copper rod production 3
4.3 Gaowei (Liaoning) Copper reduces copper rod output 3
4.4 Marubeni increases stakes in Los Pelambres copper mine in Chile 3
5 Producers Statistics 3
5.1 Chinese refined copper producers 3
5.1.1 Chinese refined copper producers' operating rate up by 4.08% MoM in Dec 3
5.1.2 Chinese refined copper producers' output up by 4.07% MoM in Dec 4
5.1.3 Chinese refined copper producers' inventory down by 11.07% MoM in Dec 4
5.2 Chinese copper rod producers 4
5.2.1 Chinese copper rod producers' operating rate up by 23.99% in Dec MoM 4
5.2.2 Chinese copper rod producers' output up by 24.00% MoM in Dec 5
5.2.3 Chinese copper rod producers' inventory down by 4.94% MoM in Dec 5
5.3 Chinese copper concentrate producers 6
5.3.1 Chinese copper concentrate producers' operating rate down by 1.14% MoM in Dec 6
5.3.2 Chinese copper concentrate producers' output down by 1.14% MoM in Dec 6
5.3.3 Chinese copper concentrate producers' inventory down by 16.66% MoM in late Dec 6
6 Customs Statistics 7
6.1 China's copper cathode (Cu≥99.9935%) export volume grew 75.04% YoY in Nov 2023 7
6.2 China's copper rod import volume decreased 36.42% YoY in Nov 2023 7
7 Relevant Industry News 9
7.1 China's ten nonferrous metals production up by 7.0% YoY in first ten months 9
7.2 Lifezone Metals confirms expanded mineral resources at Kabanga nickel project 9
7.3 China's ten nonferrous metals production up by 7.1% YoY in first eleven months 9
7.4 WBMS: Global copper market in deficit of 7.9kt in Oct 9
7.5 China to adjust import and export tariffs in 2024 9
8 Market Outlook for Next Month 9
8.1 Copper Concentrate 25%min TC CIF China 9
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 01/12/2023 to 31/12/2023 (USD/t) 1
Graph 2 Chinese copper concentrate 20%min price trend from 01/12/2023 to 31/12/2023 (RMB/metal ton) 1
Graph 3 Chinese copper cathode 99.99%min spot price trend from 01/12/2023 to 31/12/2023 (RMB/t) 2
Graph 4 TCs for copper rod Ф8mm in Chinese market from 01/12/2023 to 31/12/2023 (EXW, RMB/t) 2
Graph 5 TCs for blister copper 98.5% min in Chinese market from 01/12/2023 to 31/12/2023 (RMB/t) 2
Graph 6 Chinese copper scrap wire 99%min price trend from 01/12/2023 to 31/12/2023 (RMB/t) 2
Graph 7 Chinese refined copper producers' operating rate by month from 01/12/2023 to 31/12/2023 (%) 3
Graph 8 Chinese refined copper producers' operating rate by region by month from 01/12/2023 to 31/12/2023 (%) 4
Graph 9 Chinese refined copper producers' output by month from 01/12/2023 to 31/12/2023 (tonne) 4
Graph 10 Chinese refined copper producers' output by region by month from 01/12/2023 to 31/12/2023 (tonne) 4
Graph 11 Chinese refined copper producers' inventory by month from 01/12/2023 to 31/12/2023 (tonne) 4
Graph 12 Chinese refined copper producers' inventory by region by month from 01/12/2023 to 31/12/2023 (tonne) 4
Graph 13 Chinese copper rod producers' operating rate by month from 01/12/2023 to 31/12/2023 (%) 4
Graph 14 Chinese copper rod producers' operating rate by region by month from 01/12/2023 to 31/12/2023 (%) 5
Graph 15 Chinese copper rod producers' output by month from 01/12/2023 to 31/12/2023 (tonne) 5
Graph 16 Chinese copper rod producers' output by region by month from 01/12/2023 to 31/12/2023 (tonne) 5
Graph 17 Chinese copper rod producers' inventory by month from 01/12/2023 to 31/12/2023 (tonne) 5
Graph 18 Chinese copper rod producers' inventory by region by month from 01/12/2023 to 31/12/2023 (tonne) 5
Graph 19 Chinese copper concentrate producers' operating rate by month from 01/12/2023 to 31/12/2023 (%) 6
Graph 20 Chinese copper concentrate producers' operating rate by region by month from 01/12/2023 to 31/12/2023 (%) 6
Graph 21 Chinese copper concentrate producers' output by month from 01/12/2023 to 31/12/2023 (metal ton) 6
Graph 22 Chinese copper concentrate producers' output by region by month from 01/12/2023 to 31/12/2023 (metal ton) 6
Graph 23 Chinese copper concentrate producers' inventory by month from 01/12/2023 to 31/12/2023 (metal ton) 6
Graph 24 Chinese copper concentrate producers' inventory by region by month from 01/12/2023 to 31/12/2023 (metal ton) 6
Graph 25 China's export volume of copper cathode (Cu≥99.9935%) in previous 13 months 7
Graph 26 China's 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 rod in previous 13 months 7
Graph 28 China's import volume of copper rod from top three countries in previous 13 months 8
Graph 29 China's import volume of other copper alloys in previous 13 months 8
Graph 30 China's import volume of other copper alloys from top three countries in previous 13 months 8
