Monthly Copper Market Report Nov 2024
2024-12-12 10:33:55 【Print】
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Contents
1. Market Highlights 2
2. Economy and Policy 2
2.1 Economy and Policy 2
2.1.1 China launches third batch of third round of central environmental inspections 2
2.1.2 China's copper cathode production up 4.5% in Jan-Oct 2
3. Market Movements 2
3.1 Chinese Market 2
3.1.1 Copper concentrate 25%min TC CIF China 2
3.1.2 Chinese copper concentrate 20%min price delivered 2
3.1.3 Chinese copper cathode 99.99%min price delivered 2
3.1.4 Chinese copper rod Ф8mm TC EXW 3
3.1.5 Chinese blister copper 98.5%min TC delivered 3
3.1.6 Chinese copper scrap wire 99%min price delivered 3
4. Company News 3
4.1 Capstone Copper expects to reach lower end of 2024 production guidance 3
4.2 Huaxi Nonferrous reports strong Q3 production results 3
4.3 JCC Guoxing halts copper cathode production 4
4.4 Zijin Mining acquires La Arena gold-copper project in Peru 4
4.5 Western Copper Material raises copper cathode output 4
4.6 Xinjiang Huixiang Yongjin resumes copper concentrate production 4
4.7 Xinhui Copper halts blister copper production 4
4.8 Chifeng Fubang Copper resumes blister copper production 4
4.9 China's Jan-Oct production of ten nonferrous metals up 4.7% 4
4.10 Abitibi Metals announces increase in copper-zinc resources 4
4.11 China unveils measures to expand imports of recycled resources 5
4.12 Huixiang Yongjin Mining halts copper concentrate production 5
5. Producers Statistics 5
5.1 Chinese refined copper producers 5
5.1.1 Chinese refined copper producers' operating rate up by 2.92% MoM in Nov 5
5.1.2 Chinese refined copper producers' output down by 2.92% MoM in Nov 5
5.1.3 Chinese refined copper producers' inventory down by 2.78% MoM in Nov 5
5.2 Chinese copper rod producers 6
5.2.1 Chinese copper rod producers' operating rate up by 1.13% in Nov MoM 6
5.2.2 Chinese copper rod producers' output down by 1.53% MoM in Nov 6
5.2.3 Chinese copper rod producers' inventory up by 11.97% MoM in Nov 6
6. Import Statistics 7
6.1 China's copper cathode (Cu<99.9935%) import volume grew 107.57% YoY in Oct 2024 7
6.2 China's copper rod import volume grew 50.61% YoY in Oct 2024 7
6.3 China's other unwrought copper import volume rose 40.57% YoY in Oct 2024 8
7. Export Statistics 9
7.1 China's copper cathode (Cu≥99.9935%) export volume declined 36.74% YoY in Oct 2024 9
7.2 China's copper rod export volume increased 53.04% MoM in Oct 2024 9
7.3 China's copper master alloy export volume rose 229.94% YoY in Oct 2024 10
1. Market Highlights 2
2. Economy and Policy 2
2.1 Economy and Policy 2
2.1.1 China launches third batch of third round of central environmental inspections 2
2.1.2 China's copper cathode production up 4.5% in Jan-Oct 2
3. Market Movements 2
3.1 Chinese Market 2
3.1.1 Copper concentrate 25%min TC CIF China 2
3.1.2 Chinese copper concentrate 20%min price delivered 2
3.1.3 Chinese copper cathode 99.99%min price delivered 2
3.1.4 Chinese copper rod Ф8mm TC EXW 3
3.1.5 Chinese blister copper 98.5%min TC delivered 3
3.1.6 Chinese copper scrap wire 99%min price delivered 3
4. Company News 3
4.1 Capstone Copper expects to reach lower end of 2024 production guidance 3
4.2 Huaxi Nonferrous reports strong Q3 production results 3
4.3 JCC Guoxing halts copper cathode production 4
4.4 Zijin Mining acquires La Arena gold-copper project in Peru 4
4.5 Western Copper Material raises copper cathode output 4
4.6 Xinjiang Huixiang Yongjin resumes copper concentrate production 4
4.7 Xinhui Copper halts blister copper production 4
4.8 Chifeng Fubang Copper resumes blister copper production 4
4.9 China's Jan-Oct production of ten nonferrous metals up 4.7% 4
4.10 Abitibi Metals announces increase in copper-zinc resources 4
4.11 China unveils measures to expand imports of recycled resources 5
4.12 Huixiang Yongjin Mining halts copper concentrate production 5
5. Producers Statistics 5
5.1 Chinese refined copper producers 5
5.1.1 Chinese refined copper producers' operating rate up by 2.92% MoM in Nov 5
5.1.2 Chinese refined copper producers' output down by 2.92% MoM in Nov 5
5.1.3 Chinese refined copper producers' inventory down by 2.78% MoM in Nov 5
5.2 Chinese copper rod producers 6
5.2.1 Chinese copper rod producers' operating rate up by 1.13% in Nov MoM 6
5.2.2 Chinese copper rod producers' output down by 1.53% MoM in Nov 6
5.2.3 Chinese copper rod producers' inventory up by 11.97% MoM in Nov 6
6. Import Statistics 7
6.1 China's copper cathode (Cu<99.9935%) import volume grew 107.57% YoY in Oct 2024 7
6.2 China's copper rod import volume grew 50.61% YoY in Oct 2024 7
6.3 China's other unwrought copper import volume rose 40.57% YoY in Oct 2024 8
7. Export Statistics 9
7.1 China's copper cathode (Cu≥99.9935%) export volume declined 36.74% YoY in Oct 2024 9
7.2 China's copper rod export volume increased 53.04% MoM in Oct 2024 9
7.3 China's copper master alloy export volume rose 229.94% YoY in Oct 2024 10
