SHANGHAI, Oct. 13 (SMM)－According to SMM data, China’s output of copper concentrate is 684.5 thousand tonnes in September, rising 1.56% compared with last month, rising 5.31% compared with last year. The total output from January to September is 5.824 million tonnes, rising 1.01% compared with last year.
The output in September keeps rising but fails to meet expectation, mainly because the production of some secondary copper smelters are limited due to the environment protection regulations. According to the feedback of one famous secondary copper smelter, its anode copper supplier experiences drop of output of copper concentrate due to supply declines under the green policy. Besides, Chifeng Yunnan Copper and Yantai Guorun Copper did overhaul in September, which also influenced some output.
As per SMM knowledge, the second-stage of 150 thousand tonnes’ technical update and transformation project of Fuye Copper Group made its first finished products in September. Daye Nonferrous Metals restarts some of its capacity, raising its capacity utilization. Meanwhile SMM revised estimated released refined copper project to 300 thousand tonnes per year (previously is 400 thousand tonnes per year) because Lingbao City Jincheng Metallurgy Co. delayed its 100 thousand tonnes smelting project to the first half of 2018.
According to planned output of each smelter, SMM predicts China’s output of refined copper in October will rise to 696.5 thousand tonnes, rising 5.21% compared with last year. Output during the first ten months is 6.5205 million tonnes, rising 1.44% compared with last year.
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