Commodity market report
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28 Pages

Global copper short-term outlook September 2016


Global copper short-term outlook September 2016

Report summary

The copper market service short term outlook (STO) is published monthly and provides a forecast of copper supply and demand fundamentals over the next two-years. Copper has recovered from its lows in mid-September, supported by the weaker dollar as well as new longs entering the market as speculators reduced their bearish stance on the metal. As metal has continued to flow out of the China, reduced domestic inventories have triggered a recovery in premia as fabricators step back into the spot market. Interest elsewhere continues to remain lacklustre amid ongoing concerns about the outlook for the global economy. Meanwhile, the industry is starting to prepare for the Mating Season and with the cathode market expected to remain in balance in 2017 and with scrap still expected to remain tight, producers will be inclined to maintain current benchmark levels.


What's included?

This report includes 2 file(s)

  • Global copper short-term outlook September 2016 PDF - 465.65 KB 28 Pages, 15 Tables, 8 Figures
  • Data tables copper STO September 2016.xls XLS - 276.50 KB

Description

As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.

This Copper Short Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.

Mining companies, investment banks and investors can use this report to understand the future direction of the ferrous and base metals market. It will also help you assess the impact of key industry issues and events on market balances and pricing.

From acquisitions to investments, Wood Mackenzie helps you plan, forecast and benchmark in the metals markets. Our proprietary database and analyst expertise combines robust production, consumption and pricing data with detailed analysis to identify market opportunities.

We give you a holistic view of the ferrous and base metals markets so you have the confidence to make strategic decisions.

  • Executive summary
  • Supply-demand balances
    • Market developments
      • Price forecasts and world quarterly supply/demand balance - (kt)
  • Demand
    • South Korea and Taiwan
    • United States
      • Production and shipments of copper wire rod and copper semis - kt
  • Supply
    • Concentrate markets
      • Blister/anode and scrap markets
      • Production news

In this report there are 23 tables or charts, including:

  • Executive summary
    • Copper key forecasts
  • Supply-demand balances
    • Share of stock repositioned from SHFE in Q1...
    • ...to LME Asia
    • Declining Chinese cathode imports...
    • ...supports the re-emergence of the arbitrage
    • Supply-demand balances: Table 1
  • Demand
    • South Korea wire rod production
    • Taiwan wire rod production
    • US brass mill output
    • US new orders for oil and gas machinery
    • Demand: Table 1
    • Global quarterly refined copper consumption - kt
  • Supply
    • Concentrate market TCRCs
    • Global copper-in-concentrate stock changes - (kt Cu)
    • Blister market RCs
    • 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)
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