Impact on China Copper Market from Environmental Protection, SMM Reports

Published: Feb 17, 2017 11:09
China’s Ministry of Environmental Protection announced it will execute air quality inspections during February 15-March 15 in 18 cities, SMM learns.

SHANGHAI, Feb. 17 (SMM) - China’s Ministry of Environmental Protection announced it will execute air quality inspections during February 15-March 15 in 18 cities, SMM learns. These cities include Beijing, Tianjin, Hebei’s Shijiazhuang, Langfang, Baoding, Tangshan, Handan, Xingtai, Cangzhou, Hengshui, Shanxi’s Taiyuan and Linfen, Shandong’s Jinan and Dezhou and Henan’s Zhengzhou, Hebi, Jiaozuo and Anyang, which are major metal producing regions.

SMM Survey: What’s Impact on China Base Metals Market from New Environmental Drive?

SMM undertook a survey to find that this round of environmental protection inspections barely affected copper processors in Hebei. Local plants have improved environmental protection facilities due to previous inspections. Tianjin was significantly affected. Most local scrap copper processors were shut down for inspections. Inspections at some producers will last for two months. Copper cathode producers were not affected yet, though. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Hudbay to Buy Remaining Stake in Arizona Sonoran for $1.48B
6 mins ago
Hudbay to Buy Remaining Stake in Arizona Sonoran for $1.48B
Read More
Hudbay to Buy Remaining Stake in Arizona Sonoran for $1.48B
Hudbay to Buy Remaining Stake in Arizona Sonoran for $1.48B
Hudbay Minerals announced it will acquire the remaining shares of Arizona Sonoran Copper for $1.48 billion boosting its U.S. copper output capacity to nearly 500,000 tonnes annually as global demand grows.
6 mins ago
Copper Prices Drop, Spot Premiums Rise as Shanghai Copper Month Spread Narrows
1 hour ago
Copper Prices Drop, Spot Premiums Rise as Shanghai Copper Month Spread Narrows
Read More
Copper Prices Drop, Spot Premiums Rise as Shanghai Copper Month Spread Narrows
Copper Prices Drop, Spot Premiums Rise as Shanghai Copper Month Spread Narrows
[SMM SHFE Copper Flash] As copper prices fell and the price spread between SHFE copper futures contracts for different delivery months narrowed, suppliers showed a clear willingness to hold prices firm, and the center of spot premiums moved higher intraday compared with yesterday.
1 hour ago
Capstone Copper Achieves Record Quarterly Production; Overnight LME Copper and SHFE Copper Extend Declines [SMM Copper Morning Meeting Minutes]
2 hours ago
Capstone Copper Achieves Record Quarterly Production; Overnight LME Copper and SHFE Copper Extend Declines [SMM Copper Morning Meeting Minutes]
Read More
Capstone Copper Achieves Record Quarterly Production; Overnight LME Copper and SHFE Copper Extend Declines [SMM Copper Morning Meeting Minutes]
Capstone Copper Achieves Record Quarterly Production; Overnight LME Copper and SHFE Copper Extend Declines [SMM Copper Morning Meeting Minutes]
SMM Morning Meeting Minutes: Overnight, LME copper opened at $12,843/mt, fluctuated downward in early trading to a low of $12,722/mt, then rose in a stepwise manner and climbed to $12,987/mt near the close, finally settling at $12,964.5/mt, down 0.92%. Trading volume reached 40,500 lots, and open interest reached 307,000 lots, down 4,847 lots from the previous trading day, mainly due to long position reductions. Overnight, the most-traded SHFE copper 2704 contract opened at 100,530 yuan/mt, then fluctuated downward to a low of 100,200 yuan/mt. Subsequently, the center of copper prices gradually moved higher and hit a high of 101,530 yuan/mt near the close, finally settling at 101,330 yuan/mt, down 1.05%. Trading volume reached 92,000 lots, and open interest reached 194,000 lots, down 3,792 lots from the previous trading day, mainly due to long position reductions.
2 hours ago