Commodity Market Report
Global copper short-term outlook March 2020
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
-
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
-
Concentrate markets
- China concentrate markets
- Blister/anode and scrap markets
- Production News
- Other News
- Project development
Tables and charts
This report includes 22 images and tables including:
- 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
- Global quarterly refined copper consumption - kt
- Blister market RC
- 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)
What's included
This report contains:
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