Monthly Copper Market Report Jan 2024

Content
1 Market Highlights 1
2 Economy and Policy 1
2.1 China vows to boost construction of basic mining infrastructure 1
3 Market Movements 1
3.1 Chinese Market 1
3.1.1 Copper concentrate 25%min TC CIF China 1
3.1.2 Chinese copper concentrate 20%min price delivered 1
3.1.Asian Metal Copyright1 China's copper cathode Cu≥99.Asian Metal Copyright3 Chinese copper cathode 99.99%min price delivered 2
3.1.4 Chinese copper rod Ф8mm TC EXW 2
3.1.Asian Metal Copyright2.Asian Metal Copyright5 Chinese blister copper 98.5%min TC delivered 2
3.1.6 Chinese copper scrap wire 99%min price delivered 2
4 Company News 2
4.1 Jinlong Copper decreases copper cathode output 2
4.2 Daye Nonferrous Metals increases copper cathode output 3
4.3 Dongguan Huaxin stops copper rod production 3
4.4 Henan Yuguang increases copper cathode output 3
4.5 First Quantum's copper production declines in 2023 3
5 Producers Statistics 3
5.1 Chinese refined copper producers 3
5.1.Asian Metal Copyright1 Chinese refined copper producers 3 5.Asian Metal Copyright1 Chinese refined copper producers' operating rate up by 1.07% MoM in Jan 3
5.1.Asian Metal Copyright1.Asian Metal Copyright2 Chinese refined copper producers' output up by 1.89% MoM in Jan 3
5.1.Asian Metal Copyright86% MoM in Jan 5 5.Asian Metal Copyright3 Chinese refined copper producers' inventory down by 13.27% MoM in Jan 4
5.2 Chinese copper rod producers 4
5.2.Asian Metal Copyright5% min in Chinese market from 01012024 to 31012024 RMBt 2 Graph 6 Chinese copper scrap wire 99%min price trend from 01012024 to 31012024 RMBt 2 Graph 7 Chinese refined copper producers' operating rate by month from 01012023 to 31012024 % 3 Graph 8 Chinese refined copper producers' operating rate by region by month from 01012023 to 31012024 % 3 Graph 9 Chinese refined copper producers' output by month from 01012023 to 31012024 tonne 3 Graph 10 Chinese refined copper producers' output by region by month from 01012023 to 31012024 tonne 4 Graph 11 Chinese refined copper producers' inventory by month from 01012023 to 31012024 tonne 4 Graph 12 Chinese refined copper producers' inventory by region by month from 01122023 to 31122023 tonne 4 Graph 13 Chinese copper rod producers' operating rate by month from 01012023 to 31012024 % 4 Graph 14 Chinese copper rod producers' operating rate by region by month from 01012023 to 31012024 % 4 Graph 15 Chinese copper rod producers' output by month from 01012023 to 31012024 tonne 5 Graph 16 Chinese copper rod producers' output by region by month from 01012023 to 31012024 tonne 5 Graph 17 Chinese copper rod producers' inventory by month from 01012023 to 31012024 tonne 5 Graph 18 Chinese copper rod producers' inventory by region by month from 01012023 to 31012024 tonne 5 Graph 19 Chinese copper concentrate producers' operating rate by month from 01012023 to 31012024 % 5 Graph 20 Chinese copper concentrate producers' operating rate by region by month from 01012023 to 31012024 % 6 Graph 21 Chinese copper concentrate producers' output by month from 01012023 to 31012024 metal ton 6 Graph 22 Chinese copper concentrate producers' output by region by month from 01012023 to 31012024 metal ton 6 Graph 23 Chinese copper concentrate producers' inventory by month from 01012023 to 31012024 metal ton 6 Graph 24 Chinese copper concentrate producers' inventory by region by month from 01012023 to 31012024 metal ton 6 Graph 25 China's export volume of copper cathode Cu≥99.Asian Metal Copyright1 Chinese copper rod producers' operating rate up by 1.32% in Jan MoM 4
5.2.Asian Metal Copyright32% in Jan MoM 4 5.Asian Metal Copyright2 Chinese copper rod producers' output up by 1.32% MoM in Jan 5
5.2.Asian Metal Copyright1 Chinese Market 1 3.Asian Metal Copyright3 Chinese copper rod producers' inventory down by 31.86% MoM in Jan 5
5.3 Chinese copper concentrate producers 5
5.3.Asian Metal Copyright89% MoM in Jan 3 5.Asian Metal Copyright1 Chinese copper concentrate producers' operating rate down by 0.42% MoM in Jan 5
5.3.Asian Metal Copyright6 Chinese copper scrap wire 99%min price delivered 10 Graph Content Graph 1 TC for imported copper concentrate 25%min in Chinese market from 01012024 to 31012024 USDt 1 Graph 2 Chinese copper concentrate 20%min price trend from 01012024 to 31012024 RMBmetal ton 1 Graph 3 Chinese copper cathode 99.Asian Metal Copyright2 Chinese copper concentrate producers' output down by 0.41% MoM in Jan 6
5.3.Asian Metal Copyright6 Chinese copper scrap wire 99%min price delivered 10 Graph Content Graph 1 TC for imported copper concentrate 25%min in Chinese market from 01012024 to 31012024 USDt 1 Graph 2 Chinese copper concentrate 20%min price trend from 01012024 to 31012024 RMBmetal ton 1 Graph 3 Chinese copper cathode 99.Asian Metal Copyright3 Chinese copper concentrate producers' inventory down by 16.66% MoM in late Jan 6
6 Customs Statistics 7
6.1 China's copper cathode (Cu≥99.Asian Metal Copyright1 Chinese refined copper producers' operating rate up by 1.Asian Metal Copyright9935%) export volume decreased 35.81% MoM in Dec 2023 7
6.2 China's copper rod import volume fell 41.40% YoY in Dec 2023 7
6.3 China's other copper alloys import volume increased 19.71% YoY in Dec 2023 8
7 Relevant Industry News 9
7.1 Zijin Mining reports increased production of copper, zinc and lead in 2023 9
7.2 Solaris earns funding by Zijin Mining for Warintza copper project 9
7.3 Amerigo reports copper-molybdenum output at Minera Valle Central operation 9
8 Market Outlook for Next Month 9
8.1 Copper Concentrate 25%min TC CIF China 9
8.2 Chinese copper concentrate 20%min price delivered 9
8.3 Chinese copper cathode 99.99%min price delivered 9
8.4 Chinese copper rod Ф8mm TC EXW 9
8.5 Chinese blister copper 98.5%min TC delivered 9
8.6 Chinese copper scrap wire 99%min price delivered 10

Graph Content

Graph 1 TC for imported copper concentrate 25%min in Chinese market from 01/01/2024 to 31/01/2024 (USD/t) 1
Graph 2 Chinese copper concentrate 20%min price trend from 01/01/2024 to 31/01/2024 (RMB/metal ton) 1
Graph 3 Chinese copper cathode 99.99%min spot price trend from 01/01/2024 to 31/01/2024 (RMB/t) 2
Graph 4 TCs for copper rod Ф8mm in Chinese market from 01/01/2024 to 31/01/2024 (EXW, RMB/t) 2
Graph 5 TCs for blister copper 98.5% min in Chinese market from 01/01/2024 to 31/01/2024 (RMB/t) 2
Graph 6 Chinese copper scrap wire 99%min price trend from 01/01/2024 to 31/01/2024 (RMB/t) 2
Graph 7 Chinese refined copper producers' operating rate by month from 01/01/2023 to 31/01/2024 (%) 3
Graph 8 Chinese refined copper producers' operating rate by region by month from 01/01/2023 to 31/01/2024 (%) 3
Graph 9 Chinese refined copper producers' output by month from 01/01/2023 to 31/01/2024 (tonne) 3
Graph 10 Chinese refined copper producers' output by region by month from 01/01/2023 to 31/01/2024 (tonne) 4
Graph 11 Chinese refined copper producers' inventory by month from 01/01/2023 to 31/01/2024 (tonne) 4
Graph 12 Chinese refined copper producers' inventory by region by month from 01/12/2023 to 31/12/2023 (tonne) 4
Graph 13 Chinese copper rod producers' operating rate by month from 01/01/2023 to 31/01/2024 (%) 4
Graph 14 Chinese copper rod producers' operating rate by region by month from 01/01/2023 to 31/01/2024 (%) 4
Graph 15 Chinese copper rod producers' output by month from 01/01/2023 to 31/01/2024 (tonne) 5
Graph 16 Chinese copper rod producers' output by region by month from 01/01/2023 to 31/01/2024 (tonne) 5
Graph 17 Chinese copper rod producers' inventory by month from 01/01/2023 to 31/01/2024 (tonne) 5
Graph 18 Chinese copper rod producers' inventory by region by month from 01/01/2023 to 31/01/2024 (tonne) 5
Graph 19 Chinese copper concentrate producers' operating rate by month from 01/01/2023 to 31/01/2024 (%) 5
Graph 20 Chinese copper concentrate producers' operating rate by region by month from 01/01/2023 to 31/01/2024 (%) 6
Graph 21 Chinese copper concentrate producers' output by month from 01/01/2023 to 31/01/2024 (metal ton) 6
Graph 22 Chinese copper concentrate producers' output by region by month from 01/01/2023 to 31/01/2024 (metal ton) 6
Graph 23 Chinese copper concentrate producers' inventory by month from 01/01/2023 to 31/01/2024 (metal ton) 6
Graph 24 Chinese copper concentrate producers' inventory by region by month from 01/01/2023 to 31/01/2024 (metal ton) 6
Graph 25 China's export volume of copper cathode (Cu≥99.9935%) in previous 13 months 7
Graph 26 China's import volume of copper cathode (Cu≥99.9935%) from top three countries in previous 13 months 7
Graph 27 China's import volume of copper rod in previous 13 months 7
Graph 28 China's import volume of copper rod from top three countries in previous 13 months 8
Graph 29 China's import volume of other copper alloys in previous 13 months 8
Graph 30 China's import volume of other copper alloys from top three countries in previous 13 months 8



.Asian Metal Copyright6 Chinese copper scrap wire 99%min price delivered 2 4 Company News 2 4Asian Metal Copyright