[SMM Weekly report selected] Copper concentrate spot market continues to stalemate and tight supply expectations remain unchanged

This week, "SMM Copper Industry chain Weekly report" was released, and the editor selected hot topics, prices, market or major changes in the industry chain and published articles for your reference.

As of Friday, the SMM copper concentrate index (weekly) was at $48.52 / tonne, up $0.09 / tonne from last week. This week, the spot market of copper concentrate continued to stalemate, the trading range did not change significantly, in addition to the mine bidding for the refinery, the transaction is also relatively light. On the one hand, there is unexpected maintenance disturbance at the smelting end this week, and the market has some differences on TC, which need to digest and buffer the information; on the other hand, the pace of copper concentrate reserve in the fourth quarter of the refinery is relatively fast, buyers and sellers do not have excessive positions, and some refinery feedback only needs to prepare for the first quarter of next year.

In terms of news, due to unexpected equipment problems in the copper refinery of the Birla Copper refinery in India, one of the production lines will be overhauled for one month from mid-September, and SMM has learned that some copper concentrate raw materials may need to be transferred. There are some disturbances on the demand side of copper concentrate this week, but from the market offer and trading range, the expectation of tight copper supply has not changed, and it is expected that even if TC rises again, it will be slow.

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Catalogue of "SMM Copper Industry chain Weekly report" in this issue

Analysis of hot topics: the scrap copper approval system in the fourth quarter will withdraw from the historical stage.

Copper price forecast next week and focus on economic data

SMM data: spot discount, inventory at home and abroad, refined waste price difference

Birla Copper unexpected overhaul spot transactions stop and wait and see

The price difference between scrap copper and fine scrap narrowed to less than 2000 yuan.

Local trading situation and output of electrolytic copper

Copper trade market analysis (Yangshan copper premium trend, import profit and loss data)

The latest situation of enterprise research: data and analysis of operating rate of copper enterprises

Maintenance trend of smelter

LME&COMEX: copper inventory and cancellation warehouse receipt ratio, LME copper spot discount

Dynamic news of enterprises at home and abroad

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The "SMM China Copper Industry chain routine report" includes changes in exclusive data markets from copper mines, smelters to copper processing materials, spot to futures markets, future views, and weekly updates of hot events, focusing on contradictions that have changed greatly during the week. "View details