Commodity Market Report
Global copper short-term outlook June 2022
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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
The past couple of months has seen significant volatility in the copper price and across the commodities complex. Energy prices have continued to push higher while most industrial metals have fallen. Instability has prevailed across these markets, initially as a result of the war in Ukraine and the impact on demand in China due to Covid-19 restrictions, but more recently amid growing recessionary fears in the rest of the world. However, visible inventories are low while persistent supply disruptions should provide some support to prices, particularly if shorts are forced to cover their positions.
Table of contents
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Supply-demand balances
- Asia ex-China
- South Korea
- India
- Europe
- Poland
- Concentrate markets
- China concentrate markets
- Blister/anode and scrap markets
- 4 more item(s)...
Tables and charts
This report includes the following images and tables:
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LME 3-month prices - highs and lows (US$/t)Managed money CFTC positionsManaged money LME positions
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Commodity price changes since the start of 2022Commodity price changes since their peaks in 2022Price forecasts and world quarterly supply-demand balance (kt)Inflation hit a nearly 14-year high in May 2022Production and shipments of copper wire rod and copper semis - ktGlobal quarterly refined copper consumption - ktConcentrate market TCRCsGlobal copper-in-concentrate stock changes (kt Cu)2022 Planned maintenance for Chinese smelters
- 12 more item(s)...
What's included
This report contains:
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