Insight
China stocks, SHFE arbitrage and the copper price
This report is currently unavailable
Report summary
It is a truth universally acknowledged that the surge in Chinese demand over the past decade has driven the copper price higher but in this Insight we reveal that the Chinese stock cycle plays an important role in movements on the LME. We also explain arbitrage and how all these factors interplay. During the period 2004 to 2012 Chinese consumption grew by 5.2Mt or at an average annual rate of 13%, while demand in the Rest of the World actually contracted.
Table of contents
- Executive Summary
- Introduction
- Stocking cycle
- Arbitrage
- Conclusions
Tables and charts
This report includes 6 images and tables including:
- China's share of copper stocks and the copper price
- China's stocks/demand ratio and the copper price
- China stock cycle and net copper imports - (kt)
- LME to SHFE arbitrage worked example
- China stocks, copper price and SHFE arbitrage
- SHFE arbitrage and refined copper imports
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global copper short-term outlook February 2024
Short term price direction is reliant on market sentiment, driven by a combination of macroeconomic developments and supply disruptions
$5,000
Asset Report
Jinchuan copper smelter
A detailed analysis of the Jinchuan copper smelter.
$2,250
Asset Report
Wunugetushan copper mine
A detailed analysis of the Wunugetushan copper mine.
$2,250