Commodity Market Report
Global copper short-term outlook April 2022
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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 consolidating within a US$10,000 to US$10,600/t range through much of April, copper prices faltered alongside the other base metals to end the month 8% below its US$10,580/t peak at the start of the month. Growing concerns over global demand prospects were intensified by the deteriorating picture in China, while a resurgent US dollar and rising exchange inventories ex-China triggered a shift in sentiment and a correction in prices.
Table of contents
-
Market developments
- China
- Asia ex-China
- Japan
- Vietnam
- Europe
-
Concentrate markets
- China concentrate markets
- Blister/anode and scrap markets
- Production news
- Project development
- Corporate activity
Tables and charts
This report includes the following images and tables:
- LME 3-month copper - highs and lows (US$/t)
- US refined copper imports (kt)
- LME vs COMEX copper prices (US$/t)
- Managed money CFTC positions
- LME copper prices vs trade weighted dollar index
- Price forecasts and world quarterly supply-demand balance (kt)
- Concentrate market TCRCs
- Global copper-in-concentrate stock changes (kt Cu)
- Shanghai new cases remain high
- Growing shipments to semiconductor sector
- Production and shipments of copper wire rod and copper semis - kt
- Global quarterly refined copper consumption - kt
- 13 more item(s)...
What's included
This report contains:
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