China Copper Weekly(20161121)


Average Operating Rate at Chinese Copper Tube/Pipe Producers up to 72.70% in October

Base Metals to See Wide Fluctuation

LME copper was more resistant to declines than other base metals thanks to continuous declines in LME copper inventory. SHFE 1701 copper opened at RMB 47,200/mt last week and then dropped from RMB 48,040/mt.

Spot Copper:  
Copper prices fluctuated widely after delivery of SHFE 1611 copper last week. Cargo holders thus liquidated stocks actively to avoid risk, with severe oversupply.  

US Fed Chairwoman Yellen Says Interest Rate Hike Could Come Soon
Freeport Settles Copper Concentrate Term TCs at USD 92.5/mt for Chinese Buyers in 2017
ICSG: Global Refined Copper to Rise 1.7% in 2017

Copper: LME Copper to Trade at USD 5,250-5,500/mt 

Keywords:China Copper Weekly(20161121)


Publications Introduction

Focused on China's non-ferrous base metal market, SMM has more than 50 professional industry analysts in copper, aluminum, lead, zinc, nickel, tin and minor metals, and is committed to providing in-depth, professional, as well as timely reports and research. There are also over 100 staff dedicated to collecting data and conducting surveys in the downstream industries, in an effort to reflect an objective and actual downstream demand. The related reports include China Base Metal Briefing (weekly), and a series of Annual Industry Analysis Reports, with products involved Copper, Aluminum, Lead, Zinc, Nickel, Silicon, etc.

Besides, SMM has more than 80 steel professionals engaged in China's steel industry. They have been working on the weekly report China Steel Briefingand and the monthly report China Steel PMI-Monthly which is a survey to reflect steel downstream demand intensity.

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