Copper Market Report December 2013
2014-01-21 14:50:14 【Print】
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Content
Introduction 4
1. Financial overview 4
1.1 Domestic financial review 4
1.1.1 CPI up by 3.0% while PPI down by 1.4% YOY in November 4
1.1.2 PMI down MOM in December 5
1.2 International financial review 6
1.2.1 Crude oil prices up on political chaos in South Sudan 6
1.2.2 US dollar index fluctuates slightly 7
2 International market overview 8
2.1 Copper futures on the LME move up 8
2.2 Copper inventory on the LME still on the decline 9
3 Chinese domestic market overview 10
3.1 Copper prices in China rebound 10
3.2 Copper concentrate market inactive 11
3.3 Little improvement in copper rod market 12
3.3.1 Operating rate of Chinese major copper rod plants in December down by 12% MOM 12
3.3.2 Copper rod stocks in Chinese major plants down by 22%MOM in December 2013 13
3.4 Copper scrap market recovers 14
4 Monthly production data 14
4.1 Global refined copper output analysis 14
4.1.1 Global copper in surplus of 442,000 tons in Jan-Oct 2013 14
4.1.2 Chilean copper output in Jan-Nov 2013 up by 6.7% YOY 15
4.1.3 Chinese refined copper output in November up by 2.6% MOM 15
4.2 Chinese copper concentrate output in November up by 9% MOM 16
4.3 Chinese production of copper product in November up by 8% MOM 17
5 Import and export data 18
5.1 Chinese copper imports in November up by 12% MOM 18
5.2 Chinese November imports of copper ore down by 2% MOM 19
5.3 Chinese imports of copper product in November down by 1% MOM 20
5.4 Chinese imports of copper scrap in November up by 20% MOM 21
6 Company news 23
6.1 Company news from copper refineries 23
6.1.1 Guangxi Nonferrous Recycling Metal stops copper production for maintenance 23
6.1.2 Yunnan Tin produces 75,000t of copper in 2013 23
6.1.3 North Copper 2013 copper production down by 27% YOY 24
6.1.4 Zijin Copper suspends production for maintenance 24
6.2 Company news from copper rod plants 24
6.2.1 Xinxing Zhuguan Copper 2013 copper production up by 10% YOY 24
6.2.2 Huabei Electric Cable produces 140,000t of copper rod in 2013 24
6.2.3 Chinalco Kunming Copper produces 140,000t of copper rod in 2013 24
6.2.4 Jiangwu New Alloy Material’s copper rod production in 2013 up by 25% YOY 25
7 Related industry developments 25
7.1 State Grid to Invest ￥381.5 Billion in Power Grid Construction 25
7.2 Chinese car market sees a promising 2014 25
8 Outlook for next month 25
Introduction 4
1. Financial overview 4
1.1 Domestic financial review 4
1.1.1 CPI up by 3.0% while PPI down by 1.4% YOY in November 4
1.1.2 PMI down MOM in December 5
1.2 International financial review 6
1.2.1 Crude oil prices up on political chaos in South Sudan 6
1.2.2 US dollar index fluctuates slightly 7
2 International market overview 8
2.1 Copper futures on the LME move up 8
2.2 Copper inventory on the LME still on the decline 9
3 Chinese domestic market overview 10
3.1 Copper prices in China rebound 10
3.2 Copper concentrate market inactive 11
3.3 Little improvement in copper rod market 12
3.3.1 Operating rate of Chinese major copper rod plants in December down by 12% MOM 12
3.3.2 Copper rod stocks in Chinese major plants down by 22%MOM in December 2013 13
3.4 Copper scrap market recovers 14
4 Monthly production data 14
4.1 Global refined copper output analysis 14
4.1.1 Global copper in surplus of 442,000 tons in Jan-Oct 2013 14
4.1.2 Chilean copper output in Jan-Nov 2013 up by 6.7% YOY 15
4.1.3 Chinese refined copper output in November up by 2.6% MOM 15
4.2 Chinese copper concentrate output in November up by 9% MOM 16
4.3 Chinese production of copper product in November up by 8% MOM 17
5 Import and export data 18
5.1 Chinese copper imports in November up by 12% MOM 18
5.2 Chinese November imports of copper ore down by 2% MOM 19
5.3 Chinese imports of copper product in November down by 1% MOM 20
5.4 Chinese imports of copper scrap in November up by 20% MOM 21
6 Company news 23
6.1 Company news from copper refineries 23
6.1.1 Guangxi Nonferrous Recycling Metal stops copper production for maintenance 23
6.1.2 Yunnan Tin produces 75,000t of copper in 2013 23
6.1.3 North Copper 2013 copper production down by 27% YOY 24
6.1.4 Zijin Copper suspends production for maintenance 24
6.2 Company news from copper rod plants 24
6.2.1 Xinxing Zhuguan Copper 2013 copper production up by 10% YOY 24
6.2.2 Huabei Electric Cable produces 140,000t of copper rod in 2013 24
6.2.3 Chinalco Kunming Copper produces 140,000t of copper rod in 2013 24
6.2.4 Jiangwu New Alloy Material’s copper rod production in 2013 up by 25% YOY 25
7 Related industry developments 25
7.1 State Grid to Invest ￥381.5 Billion in Power Grid Construction 25
7.2 Chinese car market sees a promising 2014 25
8 Outlook for next month 25
