Commodity Market Report
Global copper short-term outlook April 2020
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
After hitting lows in March in the midst of the wholesale panic in the face of the coronavirus pandemic, the price has staged a modest recovery climbing above $5200/t on several occasions in the second half of the April. It would seem that the risk to mine supply and the potential for further disruption is outweighing the negative consequences of a collapse in demand. Other potential factors include a sharp recovery in Chinese economic activity and tight scrap availability.
Table of contents
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Market developments
- China
- Asia ex-China
- USA
- Europe
- Russia
-
Concentrate markets
- China concentrate markets
- Blister/anode and scrap markets
- Production news
- Project development
- Corporate news
Tables and charts
This report includes the following images and tables:
- Supply disruptions and China’s return support modest recovery after March sell-off
- Regional LME stocks (kt)
- COMEX and SHFE stocks (kt)
- Comparison of base case and downside scenario demand
- Comparison of base case and downside scenario – stock days
- Price forecasts and world quarterly supply/demand balance (kt)
- Concentrate market TCRCs
- Global copper-in-concentrate stock changes (kt Cu)
- Copper end-use indicators recovered in March
- AIA Billings Index points to weakness in non-residential construction into 2021
- Housing starts collapse in March
- European sectoral PMIs
- 11 more item(s)...
What's included
This report contains:
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