Commodity Market Report
Global copper short-term outlook October 2021
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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
Commodities have witnessed higher prices over the past month, and especially those more exposed to higher energy prices. The sharp decline in LME copper stocks, as material on-warrant fell to multi-year lows, saw copper prices hit a 5-month high, before retreating by the end of the month. Raw material availability, labour shortages, logistical challenges and more recently, soaring energy prices are constraining production in copper end-use sectors, particularly in China. The ongoing saga in the Chinese property sector also continues to weigh on demand prospects. However, in North America and Europe, demand strength is being sustained with positive signs for 2022.
Table of contents
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Market developments
- North America
- Asia ex-China
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Concentrate markets
- China concentrate markets
- Other smelter news
- 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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Indexed LME cash pricesLME warrant bandingsLME regional stocks and cash to 3-month backwardation (US$/t)
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Cancelled Warrants as % of LME StocksSpot and annual premia - Europe (US/t)Price forecasts and world quarterly supply-demand balance (kt)Concentrate market TCRCsGlobal copper-in-concentrate stock changes (kt Cu)US monthly wire rod production trendsProduction and shipments of copper wire rod and copper semis - ktGlobal quarterly refined copper consumption - kt2021 Planned maintenance for Chinese smelters
- 10 more item(s)...
What's included
This report contains:
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