Copper Market Report August 2012

Contents
Introduction 3
1. Financial overview 3
1.1 Domestic financial review 3
1.1.1 Chinese CPI sees continuous downtick in July 3
1.1.2 Chinese PMI recorded new bottom in July 4
1.1.3 Expectations for easing policy will hold nonferrous metal prices up 5
1.2 International financial review 5
1.2.1 Global crude oil prices see volatile appreciation in August 5
1.2.2 USDX sees volatile downtick 6
2. Copper futures on LME keep oscillating 7
3 Chinese domestic market overview 8
3.1 Copper futures on the SHFE go up in oscillation 8
3.2 Copper concentrate market stable 9
4 Monthly production data 10
4.1 Chinese refined copper output in July down by 6.8% MOM 10
4.2 Production of refined copper in August in China regionally 11
5 Imports and exports data 12
5.1 Refined copper import data in China 12
5.2 Copper concentrate import data in China 13
5.3 Copper scraps import data in China 14
6 Company news 16
6.1Jinjian Copper reduces output by 3,000 tons in August 16
6.2 Daye Nonferrous Metals reduces copper cathodes output by 1,000 tons in August 17
6.3 Jinsheng Nonferrous Group restarts production copper cathodes in end-September 17
6.4 Hengyuan Copper to put its 170,000tpy copper rod project into production in November 17
6.5 GMK to put its 320,000tpy copper rod project into production in September 17
6.6 Xinke New Material to put its 150,000tpy copper rod project into production in October 18
6.7 Jiangxi Copper to put 400,000tpy copper rod project into production in late August 18
6.8 Dawufeng Copper Products decreases production of copper rod 18
6.9 Jinsheng to decrease copper rod production 19
7 Related industry developments 19
7.1 Copper rod market up slightly 19
7.2 Copper scraps buyers and sellers in a stalemate 21
8 Outlook for next month 21

.Asian Metal Copyright2 Copper concentrate import data in China 13 5Asian Metal Copyright