Home / Metal News / [Cu] China's Copper Apparent Demand up 21% in September

[Cu] China's Copper Apparent Demand up 21% in September

iconOct 27, 2009 00:00

SHANGHAI, Oct. 27 -- According to China Customs data released on October 26th, China's copper apparent demand during September increased by 21% on a monthly basis.

    China's copper apparent demand increased by nearly 115,000 mt to 657,312 mt during September, while China's aluminum apparent consumption increased by 10% to 1.32 million mt.

    China's imports of refined copper increased by nearly 30% during September, and domestic copper output set a record high as well. In the mean time, relatively lower growth rate in copper inventories helped boost apparent demand.

    Up to now, China's refined copper consumption reached 5.57 million mt, contributing to a total copper consumption of 6.74 million mt for 2009. China's refined copper consumption was 5.57 million mt last year. China's is the largest copper consumer all over the world.

Base metal demand
September
August
Change MoM (mt)
Change MoM (%)
Refined copper
657,312
542,375
114,937
21.20%
Primary aluminum
1,317,366
1,196,246
121,120
10.10%
Refined zinc
452,361
430,391
21,970
5.10%
Refined lead
345,336
368,619
-23,283
-6.30%
Refined nickel
37,755
37,283
+0,472
1.30%
Refined tin
11,959
13,851
-1,892
-13.70%

Up to now
Jan. – Sept.
Change YoY (mt)
Change YoY (%)
Refined copper
5,570,997
1,814,027
48.30%
Primary aluminum
10,423,947
619,990
6.30%
Refined zinc
3,654,603
611,518
20.10%
Refined lead
2,976,591
637,548
27.30%
Refined nickel
353,992
130,113
58.10%
Refined tin
113,560
8,744
8.30%

Imports
September
Change MoM (%)
Jan. – Sept.
Change YoY (%)
Refined copper
282,828
0
2,576,963
164.50%
Primary aluminum
117,004
0
1,370,976
1402.00%
Refined zinc
35,652
0
601,313
274.70%
Refined lead
5,938
0
150,320
689.90%
Refined nickel
20,491
0
211,114
128.30%
Refined tin
1,901
0
20,112
105.40%

Exports
September
Change MoM (%)
Jan. – Sept.
Change YoY (%)
Refined copper
10,705
1
30,169
-67.20%
Primary aluminum
2,255
3
11,931
-49.10%
Refined zinc
1,785
n/a
8,626
-84.60%
Refined lead
2,602
1
16,129
-49.10%
Refined nickel
3,155
0
14,711
205.40%

SHFE inventory
Sept. 30th
Sept. 4th
Change
Refined copper
96,719
87,108
961100.00%
Primary aluminum
227,261
222,678
458300.00%
Refined zinc
109,200
117,394
-819400.00%

    (Edited by SMM)

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All