Commodity market report

Global copper short-term outlook December 2016

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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 contains

  • Document

    Global copper short-term outlook data tables December 2016.xls

    XLS 279.00 KB

  • Document

    Global copper short-term outlook December 2016

    PDF 502.16 KB

  • Document

    Global copper short-term outlook December 2016

    ZIP 586.78 KB

Table of contents

  • Executive summary
  • Supply-demand balances
  • Demand
  • Supply

Tables and charts

This report includes 20 images and tables including:

Images

  • Indexed LME cash prices
  • LME copper volumes vs 3-month prices
  • LME 3-month prices vs US$ effective exchange rate
  • Regional exchange stocks
  • European vehicle output

Tables

  • Copper key forecasts
  • Supply-demand balances: Table 1
  • Concentrate market TCRCs
  • Global copper-in-concentrate stock changes - (kt Cu)
  • Demand: Table 1
  • Global quarterly refined copper consumption - kt
  • 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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