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.
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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
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.
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Commodity market report | Sep 2016
Global copper short-term outlook September 2016
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