echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > May 18 Copper Market Brief Review

    May 18 Copper Market Brief Review

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Last week, copper concentrate processing fees rebounded, the highest to $83 / ton, the lowest quotation to $77 / ton, the quotation above $80 / ton became the mainstream, smelters' willingness to purchase increased, and short-term copper prices had certain pressure on processing fees
    .
    However, the total supply in April decreased significantly, while the current actual demand is still not bad, and the short-term copper market is still dominated by
    shocks.

    Copper City

    At present, the fundamentals of the copper market are relatively quiet, the short-term market logic has not changed, and copper prices have not given feedback on the demand off-season, mainly because the previous total supply contraction made the spot market feel not strong
    .
    However, this situation may begin to change, first of all, the price spread between the various brands in the spot market has begun to diverge, and the cumulative spread is now widening
    .
    Secondly, the spot premium in the bonded zone has rebounded again, because the previous imports were basically in the break-even stage, and the actual imports have been stimulated to a certain extent
    .
    In addition, although the inventory in the bonded area has decreased from the previous high, the total amount is still relatively large, and if there is a certain expectation of appreciation in the short term, it may promote imports, so the import supply is expected to increase
    .

    Therefore, on the whole, copper prices still need to wait for the off-season demand expectations to land, before they can really improve, and short-term copper prices still lack trading value
    .

    In the medium term, the rigid increase in global copper concentrate supply in 2017 is relatively small, and the elastic increase mainly depends on the price, while the refining capacity is more available, but limited by the supply of copper concentrate, the actual supply increment is not enough to make copper prices fall again, so the medium-term copper price bottom is expected to be obvious
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.