Commodity Market Report
Global copper short-term outlook March 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
The coronavirus became the focus of attention for the markets during March and we expect this trend will continue into the second quarter. The coronavirus pandemic has triggered an unprecedent shutdown of industry and economic activity amid governments efforts to contain the spread of the coronavirus pandemic. These containment measures are having ramifications on both copper’s supply and demand prospects, while copper prices have slumped to their lowest levels since January 2016.
Table of contents
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Market developments
- Impact of the coronavirus on global copper end-use sectors
- Stimulus packages from the government and their impact on copper demand
- Our base-case copper demand forecast
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Concentrate markets
- China concentrate markets
- Blister/anode and scrap markets
- Production News
- Other News
- Project development
Tables and charts
This report includes the following images and tables:
- LME 3-month copper prices ($/t)
- Indexed equities
- Regional exchange stocks (kt)
- Scrap consumption (kt)
- Price forecasts and world quarterly supply/demand balance (kt)
- Concentrate market TCRCs
- Global copper-in-concentrate stock changes (kt Cu)
- IP, air-conditioner and car production in China
- Property completion and grid investment in China
- Daily power generation proxy shows indutrial activities recovered in March
- Global total vs. refined copper consumption growth
- Production and shipments of copper wire rod and copper semis - kt
- 10 more item(s)...
What's included
This report contains:
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