Commodity Market Report
Global copper short-term outlook August 2019
Report summary
The persistent tit-for-tat behaviour between the US and China continues to undermine the markets and economic confidence, which has been reflected in the overall deterioration in copper prices throughout the year. Poor copper semis production and consumption results continue to be reported in large copper consuming countries such as South Korea, Taiwan and Japan, plagued by falls in export demand. However, progressive ramp ups and the addition of new semis capacity in a number of countries are providing a foundation for growth in refined copper consumption over the coming years. Meanwhile, smelters in China retreated from the market during August ahead of a new round of maintenance closures announced for Q4 this year. This should provide some support to TCRCs for the rest of 2019.
Table of contents
- Market developments
- Germany
- India
- Thailand
-
Concentrate markets
- China concentrate markets
- Other smelter news
- Blister/anode and scrap markets
- Production News
- Project development
- Corporate activity
Tables and charts
This report includes 23 images and tables including:
- LME 3-month price (US$/t)
- US scrap exports to China (kt, gross weight)
- SHFE front month vs LME cash prices (US$/t)
- Regional exchange stocks (kt)
- Price forecasts and world quarterly supply/demand balance (kt)
- German copper and copper alloy semis exports
- Year-on-year exports have fallen sharply so far in 2019
- Industrial production and GDP growth
- IP for copper end-use sectors
- IP for copper end-use sectors
- 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)
- Blister market RC
- 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)
What's included
This report contains:
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