Commodity Market Report
Global copper short-term outlook February 2021
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Recovery hopes tied to the progressive rollout of Covid-19 vaccines, government stimulus, readily available credit, and some brighter economic data continue to fuel the strong performance in base metals prices. However, the main impetus behind copper’s push to multi-year highs over the second half of February would appear to have more to do with an influx of speculative interest in commodities. The attention seems to be on copper’s longer-term green-focussed demand expectations in the post-Covid recovery era. Although the dynamics of the copper market have improved, this latest rally is not justified by the fundamentals.
Table of contents
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Market developments
- Italy
- India
- South Korea
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Concentrate markets
- China concentrate markets
- Blister/anode and scrap markets
- Production news
- Project development
- Corporate activity
Tables and charts
This report includes the following images and tables:
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Indexed LME cash pricesSHFE front month vs open interestManaged money LME positions
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LME cash copper price and 3-month spread ($/t)Regional LME exchange stocks (kt)Off-Warrant LME stocks climb as official stocks slide (kt)COMEX copper price and forward spread (c/lb)ShFe and COMEX exchnage stocks (kt)Price forecasts and world quarterly supply/demand balance (kt)Concentrate market TCRCsGlobal copper-in-concentrate stock changes (kt Cu)Seasonally adjusted index of production in industry (manufacturing) and construction
- 15 more item(s)...
What's included
This report contains:
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