Commodity Market Report
Global copper short-term outlook August 2020
Report summary
Our fundamental supply demand outlook has not changed since last month with the market still expected to register multi-year surpluses out to 2022. Against this backdrop, prices should come under pressure. However, copper prices continue to trend higher, supported by a weaker dollar, declining LME inventories, another month of high cathode and blister imports into China as well as ongoing supply disruptions.
Table of contents
-
Market developments
- USA
- Japan
- South Korea
-
Concentrate markets
- China concentrate markets
- Blister/anode and scrap markets
- Production news
- Project development
Tables and charts
This report includes 25 images and tables including:
- LME cash copper price and 3-month spread ($/t)
- Managed money CFTC positions
- Regional exchange stocks (kt)
- Regional premia
- Price forecasts and world quarterly supply/demand balance (kt)
- Concentrate market TCRCs
- Global copper-in-concentrate stock changes (kt Cu)
- The US PMIs
- Housing starts and completions
- Total vehicle production
- IPs of copper end-use sectors
- IPs of end-use sectors
- Building completions vs. wire rod production
- Growth of authorised new buildings
- Production and shipments of copper wire rod and copper semis - kt
- Global quarterly refined copper consumption - kt
- 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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