Commodity Market Report
Global copper short-term outlook January 2020
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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
Gains made in the copper price in December were soon suppressed following a US missile strike in the Middle East in early January. As tensions started to ease, copper's fortunes turned positive again ahead of the Phase One deal being signed, while dwindling visible inventories provided additional support. However, the outbreak of the coronavirus (2019-nCoV) soon sent prices south given the threat that the virus may pose to economic growth. The extent of the impact of the virus on copper demand, particularly in China and wider Asia, is as yet unknown. However, given that we are at the beginning of the year, it is conceivable that any losses could be made up over the course of the year. Nevertheless, growth in global refined production is set to exceed that of refined demand in 2020, leading to a surplus market.
Table of contents
- Market developments
- China
- USA
- Taiwan
-
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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LME cash price and 3-month spreadRegional exchange stocks (kt)Indexed equities
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Indexed Brent Crude OilPrice forecasts and world quarterly supply/demand balance (kt)New standards for renewable copper materialNew standards for renewable brass materialHousing starts, completions and permits trend higher through the second half of 2019Second year of poor total copper semis output (gross weight)Production and shipments of copper wire rod and copper semis - ktGlobal quarterly refined copper consumption - ktConcentrate market TCRCs
- 10 more item(s)...
What's included
This report contains:
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