Copper Market Report December 2012
2013-01-10 17:36:04 【Print】
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Contents
Introduction 4
1 Financial overview 4
1.1 Chinese domestic financial overview 4
1.1.1 November CPI up 2.0%, PPI down 2.2% year-on-year 4
1.1.2 Chinese PMI stable in December 5
1.2 International financial overview 6
1.2.1 International crude oil rebounds in December 6
1.2.2 European debt crisis turns the corner US financial crisis drags down US dollar index 7
1.2.3 2013 will be a tough year for nonferrous metals 8
2 Copper futures on the LME down 9
3 Chinese domestic market overview 11
3.1 Copper prices in China oscillate 11
3.2 Copper concentrate prices down 12
3.3 Copper rod market moves down 13
3.3 Little improvement in copper scrap market 14
4 Monthly production data 14
4.1 Refined copper output data in China 14
4.1.1 Chinese refined copper output in November up by 2.1% MOM 14
4.1.2 Operating rate of Chinese copper smelters in December up by 1.4% MOM 15
4.2 Copper concentrate output data in China 17
4.3 Chinese November output of copper products hits a new record 18
5 Import and export data 19
5.1 Refined copper import data in China 19
5.2 Copper concentrate import data in China 20
5.3 Copper product import data in China 21
5.4 Copper scrap import data in China 22
6 Company news 24
6.1 Company news from copper refineries 24
6.1.1 Jinjian Copper to increase output by 2,000 tons in December 24
6.1.2 Humon Smelting plans to start a new copper project in 2013 25
6.1.3 Yunnan Copper plans to produce 400,000 tons of refined copper in 2013 25
6.1.4 Kunpeng Copper plans to start construction of refined copper project in early 2013 25
6.1.5 Dongying Fangyuan Nonferrous’ refined copper output reaches 40,000 tons in December 25
6.1.6 Daye Nonferrous Metals increases refined copper output by around 1,000 tons MOM 26
6.1.7 Jinsheng Nonferrous increases refined copper output by 1,000 tons in December 26
6.2 Company news from copper rod plants 26
6.2.1 Hebei Dawufeng Copper out of production in early December 26
6.2.2 Jiangrun Copper increases copper rod produciton 26
6.2.3 Tiandilong Copper reduces copper rod production 26
6.2.4 Baiyin Nonferrous Metal building 150,000tpy copper rod project 27
6.2.5 Hanjin Futai Copper to resume production of copper rod in March 2013 27
6.2.6 Xinke New Material decreases copper rod production 27
6.2.7 Eastern Copper decreases production of copper rod 27
6.2.8 Tianjin Dawufeng Copper Products produces 250,000t copper rod in 2012 28
6.2.9 Hengyuan Copper 170,000tpy copper rod to come on stream in March 28
7 Related industry developments 28
7.1 Urbanization construction to boost consumption for electric wire and cable 28
7.2 Audi to invest 13 billion Euros before 2016, China and Mexico be the priorities 29
8 Outlook for next month 29
Introduction 4
1 Financial overview 4
1.1 Chinese domestic financial overview 4
1.1.1 November CPI up 2.0%, PPI down 2.2% year-on-year 4
1.1.2 Chinese PMI stable in December 5
1.2 International financial overview 6
1.2.1 International crude oil rebounds in December 6
1.2.2 European debt crisis turns the corner US financial crisis drags down US dollar index 7
1.2.3 2013 will be a tough year for nonferrous metals 8
2 Copper futures on the LME down 9
3 Chinese domestic market overview 11
3.1 Copper prices in China oscillate 11
3.2 Copper concentrate prices down 12
3.3 Copper rod market moves down 13
3.3 Little improvement in copper scrap market 14
4 Monthly production data 14
4.1 Refined copper output data in China 14
4.1.1 Chinese refined copper output in November up by 2.1% MOM 14
4.1.2 Operating rate of Chinese copper smelters in December up by 1.4% MOM 15
4.2 Copper concentrate output data in China 17
4.3 Chinese November output of copper products hits a new record 18
5 Import and export data 19
5.1 Refined copper import data in China 19
5.2 Copper concentrate import data in China 20
5.3 Copper product import data in China 21
5.4 Copper scrap import data in China 22
6 Company news 24
6.1 Company news from copper refineries 24
6.1.1 Jinjian Copper to increase output by 2,000 tons in December 24
6.1.2 Humon Smelting plans to start a new copper project in 2013 25
6.1.3 Yunnan Copper plans to produce 400,000 tons of refined copper in 2013 25
6.1.4 Kunpeng Copper plans to start construction of refined copper project in early 2013 25
6.1.5 Dongying Fangyuan Nonferrous’ refined copper output reaches 40,000 tons in December 25
6.1.6 Daye Nonferrous Metals increases refined copper output by around 1,000 tons MOM 26
6.1.7 Jinsheng Nonferrous increases refined copper output by 1,000 tons in December 26
6.2 Company news from copper rod plants 26
6.2.1 Hebei Dawufeng Copper out of production in early December 26
6.2.2 Jiangrun Copper increases copper rod produciton 26
6.2.3 Tiandilong Copper reduces copper rod production 26
6.2.4 Baiyin Nonferrous Metal building 150,000tpy copper rod project 27
6.2.5 Hanjin Futai Copper to resume production of copper rod in March 2013 27
6.2.6 Xinke New Material decreases copper rod production 27
6.2.7 Eastern Copper decreases production of copper rod 27
6.2.8 Tianjin Dawufeng Copper Products produces 250,000t copper rod in 2012 28
6.2.9 Hengyuan Copper 170,000tpy copper rod to come on stream in March 28
7 Related industry developments 28
7.1 Urbanization construction to boost consumption for electric wire and cable 28
7.2 Audi to invest 13 billion Euros before 2016, China and Mexico be the priorities 29
8 Outlook for next month 29
