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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"SMM China Copper Industry chain High-end report" includes: copper industry chain market changes, future views, monthly updates and interpretation of hot events, quantitative analysis of copper industry chain upstream and downstream output, import and export, inventory, cost, price and so on. And exclusively publish the monthly output data, operating rate and new items of the top ten copper smelting or processing enterprises in China. "View details
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