Commodity Market Report
Global copper short-term outlook August 2017
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The copper market service short term outlook (STO) is published monthly and provides a forecast of copper supply and demand fundamentals over the next two-years. August has seen copper rally to its highest level since September 2014 as the market has benefitted from a combination of dollar weakness, declining exchange inventories, robust macro data and a rise in speculative interest in industrial commodities. In our view, however, prices have run ahead of what is currently justified by the copper market's fundamentals. Lacklustre physical premia indicate that consumers remain well covered for material and overall we expect a broadly balanced market this year.
Table of contents
- Executive summary
-
Supply-demand balances
-
Market developments
- Price forecasts and world quarterly supply/demand balance - (kt)
-
Market developments
-
Demand
- China
- Europe
- India
-
Supply
-
Concentrate markets
- Blister/anode and scrap markets
- Production news
-
Concentrate markets
Tables and charts
This report includes the following images and tables:
- Copper key forecasts
- Regional exchange stocks (kt)
- Cancelled Warrants as % of LME Stocks (kt)
- CFTC copper positions
- LME 3-month copper price ($/t)
- Copper prices in local currency terms
- Residential completions vs. non-residential completions
- Production and shipments of copper wire rod and copper semis - kt
- Global quarterly refined copper consumption - kt
- Concentrate market TCRCs
- Global copper-in-concentrate stock changes - (kt Cu)
- Supply-demand balances: Table 1
- 9 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Country Report
Global copper mine cost summary
Click through to access a wealth of data from Wood Mackenzie's latest analysis of global copper mining sector.
$6,750
Insight
Fibres sustainability feed
Wood Mackenzie’s fibres sustainability outlook – a live feed of our latest research
$900
Insight
2025 zinc benchmark TC: a new era or a strategic move?
The 2025 annual zinc benchmark contract treatment charge is understood to have been settled. Was this a strategic move by smelters?
$1,050
