Commodity market report
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28 Pages

Global copper short-term outlook December 2016


Global copper short-term outlook December 2016

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. Three-month copper prices have settled in a range of between $5500/t to $6000/t through December. This represents a softening from levels seen during November, when copper prices briefly scaled highs above $6,000/t. A stronger dollar and some profit taking have weighed on prices. Meanwhile, sizeable deliveries of metal into exchange warehouses over recent weeks have also negatively impacted sentiment. The deliveries have predominantly flowed into LME Asian warehouses, in addition to LME and Comex sheds in the United States.


What's included?

This report includes 2 file(s)

  • Global copper short-term outlook December 2016 PDF - 502.16 KB 28 Pages, 15 Tables, 5 Figures
  • Global copper short-term outlook data tables December 2016.xls XLS - 279.00 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
  • Demand
    • Spain
    • India
    • Saudi Arabia
      • Production and shipments of copper wire rod and copper semis - kt
  • Supply
    • Concentrate markets
      • Blister/anode and scrap markets
      • Production news

In this report there are 20 tables or charts, including:

  • Executive summary
    • Copper key forecasts
  • Supply-demand balances
    • Indexed LME cash prices
    • LME copper volumes vs 3-month prices
    • LME 3-month prices vs US$ effective exchange rate
    • Regional exchange stocks
    • Supply-demand balances: Table 1
  • Demand
    • European vehicle output
    • Demand: Table 1
    • 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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