Commodity Market Report
Global copper short-term outlook October 2022
Report summary
Copper prices remain volatile. Although economic uncertainty, weak PMIs and fresh Covid-19 lockdowns in Chinese cities have placed downward pressure on the price, the market has been and is being supported on the downside by persistent outflows of metal from LME sheds. Furthermore, supply continues to disappoint as Chilean and Peruvian copper production lags behind last year's levels. The announcement by MMG that it would progressively slow operations at Las Bambas helped 3-month prices rally above the US$8,000/t level on 4 November.
Table of contents
-
Supply-demand balances
- China
- Europe
- Italy
- Latin America
- Concentrate markets
- China concentrate markets
- Blister/anode and scrap markets
- Smelter production developments
- Mine production developments
- Mine project developments
- Corporate activity
Tables and charts
This report includes 26 images and tables including:
- LME cash and 3-month prices and 3-month spread
- LME regional exchange stocks - changes (kt)
- Chinese stocks - reported SHFE, bonded estimates (kt)
- Copper price and stock days of consumption
- Copper supply/demand balance (kt)
- Price forecasts and world quarterly supply-demand balance (kt)
- Italy semis production trends
- Paranapanema semis production
- Brazil quarterly semis exports
- Production and shipments of copper wire rod and copper semis - kt
- Global quarterly refined copper consumption - kt
- Concentrate market TCRCs
- Global copper-in-concentrate stock changes (kt Cu)
- 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 refined production (kt)
- Copper stocks
- Copper prices and premia
- Copper supply-demand balance global summary (kt)
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global copper short-term outlook March 2024
The dominant factors influencing the copper market near term are supply side challenges and extremely low visible metal inventories.
$5,000
Commodity Market Report
LNG short-term analytics: Monthly outlook
Monthly update of LNG market outlook including price forecast and market webinars.
$4,000
Commodity Market Report
Global copper short-term outlook February 2024
Short term price direction is reliant on market sentiment, driven by a combination of macroeconomic developments and supply disruptions
$5,000
