Copper Market Report April 2013
2013-05-17 18:07:40 【Print】
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Content
Introduction 3
1 Financial overview 4
1.1 Domestic financial information 4
1.1.1 CPI increases by 2.1% YOY while PPI decreases by 1.9% YOY 4
1.1.2 PMI in April decreases by 0.3% MOM 5
1.2 International financial information 6
1.2.1 International crude oil price sees fluctuation in April 6
1.2.2 US dollar index stabilizes at high levels 7
1.2.3 FED to quantitative easing policies, hitting nonferrous metals market 8
2 Copper futures on the LME down obviously 9
3 Chinese domestic market overview 10
3.1 Copper prices in China down greatly 10
3.2 Copper concentrate deals limited 11
3.3 Copper rod supply becomes tight 12
3.4 Copper scrap market continues to move down 14
4 Monthly production data 14
4.1 Global refined copper output analysis 14
4.1.1 Global copper in surplus of 129,000 tons in Jan-Feb 2013 14
4.1.2 Copper output in Chile in March 15
4.1.3 Chinese refined copper output in April 15
4.2 Antofagasta copper concentrate output lower than expectation 17
4.3 Copper product output in China 17
5 Import and export data 18
5.1 Refined copper import data in China 18
5.2 Copper concentrate import data in China 19
5.3 Copper product import data in China 20
5.4 Copper scrap import data in China 21
6 Company news 23
6.1 Company news from copper refineries 23
6.1.1 Humon Smelting to prepare for new refined copper project construction 23
6.1.2 Zhongkai Mining to resume copper concentrate production in end-April 24
6.1.3 Jiuxing Holding increases refined copper output by 200 tons in April 24
6.1.4 Xinxing Copper to reduce refined copper output by 300 tons in April 24
6.1.5 Jinguan Copper plans to produce 300,000 tons of refined copper in 2013 24
6.1.6 Jinlong Copper increases refined copper output by 1,000 tons in April 25
6.1.7 Daye Nonferrous Metals increases the refined copper output by 1,000 tons in April 25
6.1.8 Jinfeng Copper reduces the refined copper output by around 500 tons in April 25
6.1.9 Jiangxi Copper plans to reduce refined copper output by around 10% in May 25
6.2 Company news from copper rod plants 26
6.2.1 Jinchuan’s April production of copper rod up by 15% MOM 26
6.2.2 Xinke New Material’s copper rod production in April up by 50% MOM 26
6.2.3 Xinxing Zhuguan Copper stops production for maintenance 26
6.2.4 Hebei Dawufeng Copper Product out of production 26
6.2.5 Huabei Electric Cable Factory increase production of copper rod 26
6.2.6 Eastern Copper increases copper rod production further 27
7 Related industry developments 27
7.1 Home appliance market recovers unexpectedly in the first quarter 27
7.2 Policy promoting to innovation promoting in home appliance 27
8 Outlook for next month 27
Introduction 3
1 Financial overview 4
1.1 Domestic financial information 4
1.1.1 CPI increases by 2.1% YOY while PPI decreases by 1.9% YOY 4
1.1.2 PMI in April decreases by 0.3% MOM 5
1.2 International financial information 6
1.2.1 International crude oil price sees fluctuation in April 6
1.2.2 US dollar index stabilizes at high levels 7
1.2.3 FED to quantitative easing policies, hitting nonferrous metals market 8
2 Copper futures on the LME down obviously 9
3 Chinese domestic market overview 10
3.1 Copper prices in China down greatly 10
3.2 Copper concentrate deals limited 11
3.3 Copper rod supply becomes tight 12
3.4 Copper scrap market continues to move down 14
4 Monthly production data 14
4.1 Global refined copper output analysis 14
4.1.1 Global copper in surplus of 129,000 tons in Jan-Feb 2013 14
4.1.2 Copper output in Chile in March 15
4.1.3 Chinese refined copper output in April 15
4.2 Antofagasta copper concentrate output lower than expectation 17
4.3 Copper product output in China 17
5 Import and export data 18
5.1 Refined copper import data in China 18
5.2 Copper concentrate import data in China 19
5.3 Copper product import data in China 20
5.4 Copper scrap import data in China 21
6 Company news 23
6.1 Company news from copper refineries 23
6.1.1 Humon Smelting to prepare for new refined copper project construction 23
6.1.2 Zhongkai Mining to resume copper concentrate production in end-April 24
6.1.3 Jiuxing Holding increases refined copper output by 200 tons in April 24
6.1.4 Xinxing Copper to reduce refined copper output by 300 tons in April 24
6.1.5 Jinguan Copper plans to produce 300,000 tons of refined copper in 2013 24
6.1.6 Jinlong Copper increases refined copper output by 1,000 tons in April 25
6.1.7 Daye Nonferrous Metals increases the refined copper output by 1,000 tons in April 25
6.1.8 Jinfeng Copper reduces the refined copper output by around 500 tons in April 25
6.1.9 Jiangxi Copper plans to reduce refined copper output by around 10% in May 25
6.2 Company news from copper rod plants 26
6.2.1 Jinchuan’s April production of copper rod up by 15% MOM 26
6.2.2 Xinke New Material’s copper rod production in April up by 50% MOM 26
6.2.3 Xinxing Zhuguan Copper stops production for maintenance 26
6.2.4 Hebei Dawufeng Copper Product out of production 26
6.2.5 Huabei Electric Cable Factory increase production of copper rod 26
6.2.6 Eastern Copper increases copper rod production further 27
7 Related industry developments 27
7.1 Home appliance market recovers unexpectedly in the first quarter 27
7.2 Policy promoting to innovation promoting in home appliance 27
8 Outlook for next month 27
