Copper Market Report January 2014
2014-02-26 14:31:01 【Print】
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Content
Introduction 4
1. Financial overview 4
1.1 Chinese domestic financial overview 4
1.1.1 CPI up by 2.5% YOY and PPI down by 1.4% YOY in December 4
1.1.2 PMI records a new low in January 5
1.2 International financial overview 5
1.2.1 Chinese economic data and crude oil future price down 5
1.2.2 US dollar index keeps consolidating 6
2 International market overview 7
2.1 Copper futures on the LME move down 7
2.2 Copper inventory on the LME still on the decline 7
3 Chinese domestic market overview 8
3.1 Copper prices in China decline 8
3.2 Copper concentrate market inactive 9
3.3 Copper rod market moves down 10
3.3.1 Operating rate of Chinese major copper rod plants in January down by 6% MOM 10
3.3.2 Copper rod stocks in Chinese major plants up by 75% MOM in January 11
3.4 Copper scrap trading improves 12
4 Monthly production data 12
4.1 Global refined copper output analysis 12
4.1.1 Global copper in surplus of 375,000 tons in Jan-Nov 2013 12
4.1.2 Chilean copper output in 2013 sets up a new record 13
4.1.3 Chinese refined copper output in December down by 6% MOM 13
4.2 Chinese copper concentrate output in December down by 2% MOM 14
4.3 Chinese production of copper product in December up by 1% MOM 15
5 Import and export data 16
5.1 Chinese copper imports in December down by 5% MOM 16
5.2 Chinese December imports of copper ore up by 13% MOM 17
5.3 Chinese imports of copper product in December up by 8% MOM 18
5.4 Chinese imports of copper scrap in December down by 7% MOM 19
6 Company news 21
6.1 Company news from copper refineries 21
6.1.1 Xiangguang Copper 2013 copper output reaches 380,000t 21
6.1.2 Fuchunjiang Smelting 2013 copper output up by 32% YOY 21
6.1.3 Lianhe Copper 2013 copper production down by 10% YOY 22
6.1.4 Jinlong Copper to produce 465,000t of copper in 2014 22
6.2 Company news from copper rod plants 22
6.2.1Deli Copper 400,000tpy copper rod project to come on stream in 2015 22
6.2.2 Tongling Nonferrous Metal’s copper rod project starts trial production 22
6.2.3 Dawufeng Copper to restart production of copper rod in May 22
7 Related industry developments 23
7.1 Automobile sales volume in January sets up a new record 23
7.2 Color television set market to move down in 2014 23
8 Outlook for February 23
Introduction 4
1. Financial overview 4
1.1 Chinese domestic financial overview 4
1.1.1 CPI up by 2.5% YOY and PPI down by 1.4% YOY in December 4
1.1.2 PMI records a new low in January 5
1.2 International financial overview 5
1.2.1 Chinese economic data and crude oil future price down 5
1.2.2 US dollar index keeps consolidating 6
2 International market overview 7
2.1 Copper futures on the LME move down 7
2.2 Copper inventory on the LME still on the decline 7
3 Chinese domestic market overview 8
3.1 Copper prices in China decline 8
3.2 Copper concentrate market inactive 9
3.3 Copper rod market moves down 10
3.3.1 Operating rate of Chinese major copper rod plants in January down by 6% MOM 10
3.3.2 Copper rod stocks in Chinese major plants up by 75% MOM in January 11
3.4 Copper scrap trading improves 12
4 Monthly production data 12
4.1 Global refined copper output analysis 12
4.1.1 Global copper in surplus of 375,000 tons in Jan-Nov 2013 12
4.1.2 Chilean copper output in 2013 sets up a new record 13
4.1.3 Chinese refined copper output in December down by 6% MOM 13
4.2 Chinese copper concentrate output in December down by 2% MOM 14
4.3 Chinese production of copper product in December up by 1% MOM 15
5 Import and export data 16
5.1 Chinese copper imports in December down by 5% MOM 16
5.2 Chinese December imports of copper ore up by 13% MOM 17
5.3 Chinese imports of copper product in December up by 8% MOM 18
5.4 Chinese imports of copper scrap in December down by 7% MOM 19
6 Company news 21
6.1 Company news from copper refineries 21
6.1.1 Xiangguang Copper 2013 copper output reaches 380,000t 21
6.1.2 Fuchunjiang Smelting 2013 copper output up by 32% YOY 21
6.1.3 Lianhe Copper 2013 copper production down by 10% YOY 22
6.1.4 Jinlong Copper to produce 465,000t of copper in 2014 22
6.2 Company news from copper rod plants 22
6.2.1Deli Copper 400,000tpy copper rod project to come on stream in 2015 22
6.2.2 Tongling Nonferrous Metal’s copper rod project starts trial production 22
6.2.3 Dawufeng Copper to restart production of copper rod in May 22
7 Related industry developments 23
7.1 Automobile sales volume in January sets up a new record 23
7.2 Color television set market to move down in 2014 23
8 Outlook for February 23
