Commodity Market Report
Global copper short-term outlook August 2022
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Over the past month, 3-month copper prices have bounced back from lows of US$7,600/t to rally as high as US$8,318/t by 26th August. However, prices have since retreated below US$8,000/t following comments by US Federal Reserve Chairman, Jerome Powell, that interest rates would continue to rise until inflation was brought under control and that this would likely lead to a period of lower growth. As the market continues to be preoccupied by concerns over the health of the global economy, low visible inventories are lending price support as are disruptions to supply.
Table of contents
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Supply-demand balances
- China
- Europe
- Germany
- Italy
- Concentrate markets
- China concentrate markets
- Blister/anode and scrap markets
- Smelter production developments
- 4 more item(s)...
Tables and charts
This report includes the following images and tables:
- Global PMIs turn lower
- Chinese copper stocks - reported SHFE and estimated bonded (kt)
- LME cash and 3-month prices and 3-month spread
- Price forecasts and world quarterly supply-demand balance (kt)
- Italy semis production trends
- 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)
- 2022 Planned maintenance for Chinese smelters
- Monthly global imports of copper scrap and electronic scrap (gross weight kt)
- Blister market RC
- 11 more item(s)...
What's included
This report contains:
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