Copper Market Report November 2012
2012-12-14 17:29:29 【Print】
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Contents
Introduction 4
1 Financial review 4
1.1 Chinese domestic financial review 4
1.1.1 CPI up by 1.7% and PPI down by 2.8% YOY in October 4
1.1.2 PMI in November rebounds in China 5
1.2 International financial review 6
1.2.1 International crude oil futures up slowly in November 6
1.2.2 Greek debt crisis easing, US dollar index falling after a surge 7
1.2.3 Global economy not recover significantly though liquidity increases sharply 8
2 Copper futures on the LME oscillates 9
3 Chinese domestic market overview 11
3.1 Copper prices in China drop before rising 11
3.2 Copper concentrate prices down 12
3.3 Copper rod market ranges narrowly 13
3.3 Little improvement in copper scrap market 15
4 Monthly production data 15
4.1 Refined copper output data in China 15
4.1.1 Chinese refined copper output in October up by 1.8% MOM 15
4.1.2 Operating rate of Chinese copper smelters in November up by 2.7% MOM 16
4.2 Copper concentrate output data in China 17
4.3 Chinese October output of copper products down by 1% MOM 18
5 Import and export data 19
5.1 Refined copper import data in China 19
5.2 Copper concentrate import data in China 20
5.3 Copper product import data in China 21
5.4 Copper scrap import data in China 22
6 Company news 24
6.1 Company news from copper refineries 24
6.1.1 Zhongkai Mining stops copper concentrate production 24
6.1.2 Asele Copper increases annual output of copper concentrate by 10,000 metal tons in 2012 25
6.1.3 Shenlan Mining's copper ore dressing plant under trial production 25
6.1.4 Daye Nonferrous Metals’ new refined copper project under trial production 25
6.1.5 Jinjian Copper runs fully 25
6.1.6 Yunnan Tin under trial production of copper cathodes 26
6.1.7 Yunnan Copper to finish annual production target of 400,000 tons of refined copper in 2012 26
6.1.8 Jiangxi Copper increases output of refined copper by 1,000 tons in November 26
6.1.9 Jinsheng Nonferrous increases output of refined copper by 1,000 tons in November 26
6.1.10 Northern Copper to finish the annual target of 110,000 tons of refined copper in 2012 27
6.2 Company news from copper rod plants 27
6.2.1 Hanjin Futai Copper suspends production of copper rod 27
6.2.2 Jinchuan Group stops production of copper rod for maintenance 27
6.2.3 Xinxing Zhuguan (Zhejiang) Copper resumes copper rod production 27
6.2.4 Tianjin North China Electric Wire plant to finish its yearly output target of 160,000t 28
6.2.5 Chinalco Kunming Copper Co., Ltd decreases output of copper rod 28
6.2.6 Quanwei (Tongling) Copper adds copper rod production 28
6.2.7 Eastern Copper increases production of copper rod 28
6.2.8 Xinke New Material advances copper rod output 29
6.2.9 Jiangxi Copper’s copper rod production to reach 407,000t in 2012 29
7 Related industry developments 29
7.1 Infrastructure spending increases, base metal demand to improve 29
7.2 Dumping car into China, domestic market suffers 30
8 Outlook for next month 30
Introduction 4
1 Financial review 4
1.1 Chinese domestic financial review 4
1.1.1 CPI up by 1.7% and PPI down by 2.8% YOY in October 4
1.1.2 PMI in November rebounds in China 5
1.2 International financial review 6
1.2.1 International crude oil futures up slowly in November 6
1.2.2 Greek debt crisis easing, US dollar index falling after a surge 7
1.2.3 Global economy not recover significantly though liquidity increases sharply 8
2 Copper futures on the LME oscillates 9
3 Chinese domestic market overview 11
3.1 Copper prices in China drop before rising 11
3.2 Copper concentrate prices down 12
3.3 Copper rod market ranges narrowly 13
3.3 Little improvement in copper scrap market 15
4 Monthly production data 15
4.1 Refined copper output data in China 15
4.1.1 Chinese refined copper output in October up by 1.8% MOM 15
4.1.2 Operating rate of Chinese copper smelters in November up by 2.7% MOM 16
4.2 Copper concentrate output data in China 17
4.3 Chinese October output of copper products down by 1% MOM 18
5 Import and export data 19
5.1 Refined copper import data in China 19
5.2 Copper concentrate import data in China 20
5.3 Copper product import data in China 21
5.4 Copper scrap import data in China 22
6 Company news 24
6.1 Company news from copper refineries 24
6.1.1 Zhongkai Mining stops copper concentrate production 24
6.1.2 Asele Copper increases annual output of copper concentrate by 10,000 metal tons in 2012 25
6.1.3 Shenlan Mining's copper ore dressing plant under trial production 25
6.1.4 Daye Nonferrous Metals’ new refined copper project under trial production 25
6.1.5 Jinjian Copper runs fully 25
6.1.6 Yunnan Tin under trial production of copper cathodes 26
6.1.7 Yunnan Copper to finish annual production target of 400,000 tons of refined copper in 2012 26
6.1.8 Jiangxi Copper increases output of refined copper by 1,000 tons in November 26
6.1.9 Jinsheng Nonferrous increases output of refined copper by 1,000 tons in November 26
6.1.10 Northern Copper to finish the annual target of 110,000 tons of refined copper in 2012 27
6.2 Company news from copper rod plants 27
6.2.1 Hanjin Futai Copper suspends production of copper rod 27
6.2.2 Jinchuan Group stops production of copper rod for maintenance 27
6.2.3 Xinxing Zhuguan (Zhejiang) Copper resumes copper rod production 27
6.2.4 Tianjin North China Electric Wire plant to finish its yearly output target of 160,000t 28
6.2.5 Chinalco Kunming Copper Co., Ltd decreases output of copper rod 28
6.2.6 Quanwei (Tongling) Copper adds copper rod production 28
6.2.7 Eastern Copper increases production of copper rod 28
6.2.8 Xinke New Material advances copper rod output 29
6.2.9 Jiangxi Copper’s copper rod production to reach 407,000t in 2012 29
7 Related industry developments 29
7.1 Infrastructure spending increases, base metal demand to improve 29
7.2 Dumping car into China, domestic market suffers 30
8 Outlook for next month 30
