Commodity Market Report
Global copper short-term outlook May 2022
Report summary
Sentiment towards the economy and markets overall, took a negative turn in the second half of April and this trend continued into May. The uncertainty surrounding the economic outlook and with that the prospects for metal demand continued to weigh on the copper market, dragging the three-month price below US$9,000/t and well below copper’s April peak of US$10,580/t. The market subsequently recovered, buoyed by the promise of further economic support measures from China, lower inventories, and a weaker dollar.
Table of contents
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Market developments
- China
- Europe
- North America
-
Concentrate markets
- China concentrate markets
- In other smelter news
- Blister/anode and scrap markets
- Production news
- Project development
- Corporate activity
Tables and charts
This report includes 26 images and tables including:
- Indexed LME copper prices and equities
- Managed money CFTC positions
- LME cash price and 3-month spread ($/t)
- Regional exchange stocks (kt)
- Regional exchange stocks - monthly changes (kt)
- Price forecasts and world quarterly supply-demand balance (kt)
- Concentrate market TCRCs
- Global copper-in-concentrate stock changes (kt Cu)
- Performance of the property market in China
- Italy semis production trends
- Poland semis production trends
- Production and shipments of copper wire rod and copper semis - kt
- Global quarterly refined copper consumption - kt
- 2022 Planned maintenance for Chinese smelters
- Monthly global imports of copper scrap and electronic scrap (gross weight kt)
- Blister market RC
- Monthly reported Chilean copper production
- Monthly reported Peruvian copper production
- Global mine production - breakdown by product type (kt copper in concentrate and leach output)
- Global copper refined consumption (kt)
- Global copper mine production (kt copper in concentrate and 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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