Copper Market Report May 2012
2012-06-15 09:04:12 【Print】
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Contents
Introdution . 4
1 Financial overview . 4
1.1 Chinese CPI falls back slightly in April . 4
1.2 Chinese PMI falls back in May. 5
1.3 Chinese banks reduce loan increment, economic growth slows down . 6
2 International financial overview . 6
2.1 Global crude oil price falls back largely in May . 6
2.2 Gold price declines as banks financial situation deteriorate in Spain . 7
2.3 US dollar index increases largely due to risk aversion . 8
2.4 Copper in LME down obviously affected by European debts crisis . 9
3 Chinese domestic market overview . 11
3.1 Copper futures on SHFE remained at low level . 11
3.2 Processing fees of imported copper concentrate keep stable . 12
4 Monthly production data . 13
4.1 Refined copper output data in China . 13
4.1.1 Chinese output of refined copper up by 8.2% YOY in April . 13
4.2.2 Production of refined copper in May in China regionally . 13
5 Imports and exports data . 14
5.1 Refined copper import data in China . 14
5.2 Copper mine import data in China . 15
5.3 Copper scrap import data in China . 16
6 Company news . 18
6.1 Daye Nonferrous Metals to increase annual capacity by 300,000 tons . 18
6.2 Tianjin Dawufeng Copper Products reduces the output by 1,000 tons in May. . 18
6.3 Xinke New Meterials reduces the output in May by 30% . 18
7 Related industry developments . 19
7.1 Copper scraps supply tight . 19
7.2 Copper rod market sluggish in China . 19
8 Outlooks for June . 19
Picture 1 CPI and PPI of China in 2011-2012 . 5
Picture 2 Chinese PMI in 2011-2012 . 6
Picture 3 The price of international crude oil in May . 7
Picture 4 The price of gold in May . 8
Picture 5 US dollar index in May . 9
Picture 6 Copper in LME in May . 10
Picture 7 Copper in LME inventory in May . 10
Picture 8 Copper price in Chinese spot market in May . 12
Picture 9 Primary smelting fees of copper ore in May (USD/t) . 12
Picture 11 Refined copper output in April in China . 13
Picture 12 Chinese refined copper output of main origins in May . 14
Picture 13 Refined copper import volume in China . 15
Picture 14 Copper ore import volume in China . 16
Picture 15 Copper scrap import volume in China . 16
Table 1 Top ten Chinese copper ore and concentrate importers in April 2012 . 17
Table 2 Top ten Chinese refined copper importers in April 2011 . 17
Table 3 Top ten Chinese copper scraps importers in April 2011 . 18
Introdution . 4
1 Financial overview . 4
1.1 Chinese CPI falls back slightly in April . 4
1.2 Chinese PMI falls back in May. 5
1.3 Chinese banks reduce loan increment, economic growth slows down . 6
2 International financial overview . 6
2.1 Global crude oil price falls back largely in May . 6
2.2 Gold price declines as banks financial situation deteriorate in Spain . 7
2.3 US dollar index increases largely due to risk aversion . 8
2.4 Copper in LME down obviously affected by European debts crisis . 9
3 Chinese domestic market overview . 11
3.1 Copper futures on SHFE remained at low level . 11
3.2 Processing fees of imported copper concentrate keep stable . 12
4 Monthly production data . 13
4.1 Refined copper output data in China . 13
4.1.1 Chinese output of refined copper up by 8.2% YOY in April . 13
4.2.2 Production of refined copper in May in China regionally . 13
5 Imports and exports data . 14
5.1 Refined copper import data in China . 14
5.2 Copper mine import data in China . 15
5.3 Copper scrap import data in China . 16
6 Company news . 18
6.1 Daye Nonferrous Metals to increase annual capacity by 300,000 tons . 18
6.2 Tianjin Dawufeng Copper Products reduces the output by 1,000 tons in May. . 18
6.3 Xinke New Meterials reduces the output in May by 30% . 18
7 Related industry developments . 19
7.1 Copper scraps supply tight . 19
7.2 Copper rod market sluggish in China . 19
8 Outlooks for June . 19
Picture 1 CPI and PPI of China in 2011-2012 . 5
Picture 2 Chinese PMI in 2011-2012 . 6
Picture 3 The price of international crude oil in May . 7
Picture 4 The price of gold in May . 8
Picture 5 US dollar index in May . 9
Picture 6 Copper in LME in May . 10
Picture 7 Copper in LME inventory in May . 10
Picture 8 Copper price in Chinese spot market in May . 12
Picture 9 Primary smelting fees of copper ore in May (USD/t) . 12
Picture 11 Refined copper output in April in China . 13
Picture 12 Chinese refined copper output of main origins in May . 14
Picture 13 Refined copper import volume in China . 15
Picture 14 Copper ore import volume in China . 16
Picture 15 Copper scrap import volume in China . 16
Table 1 Top ten Chinese copper ore and concentrate importers in April 2012 . 17
Table 2 Top ten Chinese refined copper importers in April 2011 . 17
Table 3 Top ten Chinese copper scraps importers in April 2011 . 18
