Monthly Copper Market Report Feb 2024
2024-03-13 08:34:18 【Print】
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Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.1 China's ten nonferrous metals production up by 7.1% YoY in 2023 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Copper concentrate 25%min TC CIF China 3
3.1.2 Chinese copper concentrate 20%min price delivered 3
3.1.3 Chinese copper cathode 99.99%min price delivered 3
3.1.4 Chinese copper rod Ф8mm TC EXW 4
3.1.5 Chinese blister copper 98.5%min TC delivered 4
3.1.6 Chinese copper scrap wire 99%min price delivered 4
4. Company News 4
4.1 Jinlong Copper decreases copper cathode output 4
4.2 Minmetals Copper (Hunan) to conduct equipment maintenance 4
4.3 Glencore reports declined copper-nickel-cobalt output in 2023 5
4.4 Sierra Metals obtains operating permit for Yauricocha copper mine 5
4.5 Dundee sells Tsumeb copper smelter in Namibia to Sinomine 5
4.6 Tianjin Dawufeng resumes copper rod production 5
5. Producers Statistics 5
5.1 Chinese refined copper producers 5
5.1.1 Chinese refined copper producers' operating rate down by 1.42% MoM in Feb 5
5.1.2 Chinese refined copper producers' output down by 1.40% MoM in Feb 5
5.1.3 Chinese refined copper producers' inventory up by 2.39% MoM in Feb 6
5.2 Chinese copper rod producers 6
5.2.1 Chinese copper rod producers' operating rate down by 21.73% in Feb MoM 6
5.2.2 Chinese copper rod producers' output down by 21.72% MoM in Feb 6
5.2.3 Chinese copper rod producers' inventory up by 17.59% MoM in Feb 7
5.3 Chinese copper concentrate producers 7
5.3.1 Chinese copper concentrate producers' operating rate down by 0.27% MoM in Feb 7
5.3.2 Chinese copper concentrate producers' output down by 3.02% MoM in Feb 7
5.3.3 Chinese copper concentrate producers' inventory down by 15.38% MoM in late Feb 8
6. Export Statistics 8
6.1 China's copper cathode (Cu≥99.9935%) export volume decreased 35.81% MoM in Dec 2023 8
6.2 China's copper rod import volume fell 41.40% YoY in Dec 2023 9
6.3 China's other copper alloys import volume increased 19.71% YoY in Dec 2023 9
7. Relevant Industry News 10
7.1 China sees remarkable results in green transition for industrial sectors 10
7.2 Canadian Copper signs offtake agreement and credit facility for Murray Brook deposit 10
7.3 MMG sees 8% increase in 2023 molybdenum production 10
8. Market Outlook for Next Month 10
8.1 Chinese Market 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 11
8.6 Chinese copper scrap wire 99%min price delivered 11
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.1 China's ten nonferrous metals production up by 7.1% YoY in 2023 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Copper concentrate 25%min TC CIF China 3
3.1.2 Chinese copper concentrate 20%min price delivered 3
3.1.3 Chinese copper cathode 99.99%min price delivered 3
3.1.4 Chinese copper rod Ф8mm TC EXW 4
3.1.5 Chinese blister copper 98.5%min TC delivered 4
3.1.6 Chinese copper scrap wire 99%min price delivered 4
4. Company News 4
4.1 Jinlong Copper decreases copper cathode output 4
4.2 Minmetals Copper (Hunan) to conduct equipment maintenance 4
4.3 Glencore reports declined copper-nickel-cobalt output in 2023 5
4.4 Sierra Metals obtains operating permit for Yauricocha copper mine 5
4.5 Dundee sells Tsumeb copper smelter in Namibia to Sinomine 5
4.6 Tianjin Dawufeng resumes copper rod production 5
5. Producers Statistics 5
5.1 Chinese refined copper producers 5
5.1.1 Chinese refined copper producers' operating rate down by 1.42% MoM in Feb 5
5.1.2 Chinese refined copper producers' output down by 1.40% MoM in Feb 5
5.1.3 Chinese refined copper producers' inventory up by 2.39% MoM in Feb 6
5.2 Chinese copper rod producers 6
5.2.1 Chinese copper rod producers' operating rate down by 21.73% in Feb MoM 6
5.2.2 Chinese copper rod producers' output down by 21.72% MoM in Feb 6
5.2.3 Chinese copper rod producers' inventory up by 17.59% MoM in Feb 7
5.3 Chinese copper concentrate producers 7
5.3.1 Chinese copper concentrate producers' operating rate down by 0.27% MoM in Feb 7
5.3.2 Chinese copper concentrate producers' output down by 3.02% MoM in Feb 7
5.3.3 Chinese copper concentrate producers' inventory down by 15.38% MoM in late Feb 8
6. Export Statistics 8
6.1 China's copper cathode (Cu≥99.9935%) export volume decreased 35.81% MoM in Dec 2023 8
6.2 China's copper rod import volume fell 41.40% YoY in Dec 2023 9
6.3 China's other copper alloys import volume increased 19.71% YoY in Dec 2023 9
7. Relevant Industry News 10
7.1 China sees remarkable results in green transition for industrial sectors 10
7.2 Canadian Copper signs offtake agreement and credit facility for Murray Brook deposit 10
7.3 MMG sees 8% increase in 2023 molybdenum production 10
8. Market Outlook for Next Month 10
8.1 Chinese Market 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 11
8.6 Chinese copper scrap wire 99%min price delivered 11
