Commodity market report
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30 Pages

Global copper short-term outlook August 2017


Global copper short-term outlook August 2017

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.


What's included?

This report includes 2 file(s)

  • Global copper short-term outlook August 2017 PDF - 567.42 KB 30 Pages, 15 Tables, 6 Figures
  • Global copper short-term outlook data tables August 2017.xls XLS - 344.50 KB

Description

As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.

This Copper Short Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.

Mining companies, investment banks and investors can use this report to understand the future direction of the ferrous and base metals market. It will also help you assess the impact of key industry issues and events on market balances and pricing.

From acquisitions to investments, Wood Mackenzie helps you plan, forecast and benchmark in the metals markets. Our proprietary database and analyst expertise combines robust production, consumption and pricing data with detailed analysis to identify market opportunities.

We give you a holistic view of the ferrous and base metals markets so you have the confidence to make strategic decisions.

  • Executive summary
  • Supply-demand balances
    • Market developments
      • Price forecasts and world quarterly supply/demand balance - (kt)
  • Demand
    • China
    • Europe
    • India
  • Supply
    • Concentrate markets
      • Blister/anode and scrap markets
      • Production news

In this report there are 21 tables or charts, including:

  • Executive summary
    • Copper key forecasts
  • Supply-demand balances
    • 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
    • Supply-demand balances: Table 1
  • Demand
    • Residential completions vs. non-residential completions
    • Production and shipments of copper wire rod and copper semis - kt
    • Global quarterly refined copper consumption - kt
  • Supply
    • Concentrate market TCRCs
    • Global copper-in-concentrate stock changes - (kt Cu)
    • Blister market RCs
    • Global mine production - breakdown by product type (kt copper in concentrate & leach output)
    • Global copper refined consumption - (kt)
    • Global copper mine production - (kt copper in concentrate & leach output)
    • Global copper smelter production - (kt)
    • Global copper refinery production - (kt)
    • Copper stocks
    • Copper prices and premia
    • Copper supply/demand balance global summary - (kt)
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