Copper Market Report June 2012
2012-07-16 09:43:05 【Print】
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Contents
Introdution . 3
1. Financial overview . 3
1.1 CPI reached bottom line for past 23 months in May . 3
1.2 PMI fell back in June . 4
1.3 Negative factors depressed non-ferrous metal market . 5
2. International market review . 6
2.1 Crude oil prices fell back with sharp fluctuations in June . 6
2.2 USD index kept at a high level with consolidations . 6
2.3 Copper futures on LME takes on downward trend . 7
3 Chinese domestic market overview . 9
3.1 European debts crisis restricted copper price trend in China . 9
3.2 Processing fees of imported copper concentrate keep stable . 10
4 Monthly production data . 11
4.1 Refined copper output data in China . 11
4.1.1 Chinese refined copper output in May down by 1.4% MOM . 11
4.2.2 Production of refined copper in June in China regionally . 12
5 Imports and exports data . 13
5.1 Refined copper import data in China . 13
5.2 Copper concentrate import data in China . 14
5.3 Copper scraps import data in China . 14
6 Company news . 16
6.1 Hubei Huangshi Jinhe Copper Products to reduce output in June . 16
6.2 Northern Copper under expansion project with the total annual capacity of 150,000 tons . 17
7 Related industry developments . 17
7.1 Copper scraps supply tight . 17
7.2 Copper rod market sluggish in China . 17
8 Outlooks for July . 17
Picture 1 CPI and PPI of China in 2011-2012 . 4
Picture 2 PMI in 2011-2012 . 5
Picture 3 Crude oil futures prices in US . 6
Picture 4 USD index . 7
Picture 5 Copper in LME in June . 8
Picture 6 Copper in LME inventory in June . 9
Picture 7 Copper price in Chinese spot market in June . 10
Picture 8 Primary smelting fees of copper ore in June (USD/t) . 11
Picture 9 Refined copper output in China . 12
Picture 10 Chinese refined copper output of main origins in June . 13
Picture 11 Refined copper import volume in China . 13
Picture 12 Copper concentrate import volume in China . 14
Picture 13 Copper scrap import volume in China . 15
Table 1 Top ten Chinese copper ore and concentrate importers in May 2012 . 15
Table 2 Top ten Chinese refined copper importers in May 2012 . 15
Table 3 Top ten Chinese copper scraps importers in May 2012 . 16
Introdution . 3
1. Financial overview . 3
1.1 CPI reached bottom line for past 23 months in May . 3
1.2 PMI fell back in June . 4
1.3 Negative factors depressed non-ferrous metal market . 5
2. International market review . 6
2.1 Crude oil prices fell back with sharp fluctuations in June . 6
2.2 USD index kept at a high level with consolidations . 6
2.3 Copper futures on LME takes on downward trend . 7
3 Chinese domestic market overview . 9
3.1 European debts crisis restricted copper price trend in China . 9
3.2 Processing fees of imported copper concentrate keep stable . 10
4 Monthly production data . 11
4.1 Refined copper output data in China . 11
4.1.1 Chinese refined copper output in May down by 1.4% MOM . 11
4.2.2 Production of refined copper in June in China regionally . 12
5 Imports and exports data . 13
5.1 Refined copper import data in China . 13
5.2 Copper concentrate import data in China . 14
5.3 Copper scraps import data in China . 14
6 Company news . 16
6.1 Hubei Huangshi Jinhe Copper Products to reduce output in June . 16
6.2 Northern Copper under expansion project with the total annual capacity of 150,000 tons . 17
7 Related industry developments . 17
7.1 Copper scraps supply tight . 17
7.2 Copper rod market sluggish in China . 17
8 Outlooks for July . 17
Picture 1 CPI and PPI of China in 2011-2012 . 4
Picture 2 PMI in 2011-2012 . 5
Picture 3 Crude oil futures prices in US . 6
Picture 4 USD index . 7
Picture 5 Copper in LME in June . 8
Picture 6 Copper in LME inventory in June . 9
Picture 7 Copper price in Chinese spot market in June . 10
Picture 8 Primary smelting fees of copper ore in June (USD/t) . 11
Picture 9 Refined copper output in China . 12
Picture 10 Chinese refined copper output of main origins in June . 13
Picture 11 Refined copper import volume in China . 13
Picture 12 Copper concentrate import volume in China . 14
Picture 13 Copper scrap import volume in China . 15
Table 1 Top ten Chinese copper ore and concentrate importers in May 2012 . 15
Table 2 Top ten Chinese refined copper importers in May 2012 . 15
Table 3 Top ten Chinese copper scraps importers in May 2012 . 16
