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A few days ago, the Ministry of Industry and Information Technology released the operation of
the copper industry in the first quarter of 2022.
First, production remains stable
.
According to data from the National Bureau of Statistics, in the first quarter, refined copper production was 2.
644 million tons, a year-on-year increase of 6.
1%; Copper output was 4.
825 million tons, a year-on-year increase of 5.
7%.
Second, inventories fell
year-on-year.
According to data from Shanghai Steel Union, at the end of March, copper stocks were 124,000 tons, down 60.
8% year-on-year, at a low level
in recent years.
Third, the price runs
at a high level.
According to statistics from the China Nonferrous Metals Industry Association, in the first quarter, the average spot price of copper was 71,672 yuan / ton, up 14.
4%
year-on-year.
Fourth, imports increased
year-on-year.
According to data from the General Administration of Customs, in the first quarter, copper concentrate imports were 6.
35 million tons, a year-on-year increase of 6.
7%, and the import amount was 13.
83 billion US dollars, a year-on-year increase of 12.
7%; The import of unwrought copper and copper products was 1.
473 million tons, an increase of 2.
6% year-on-year, and the import value was 12.
17 billion US dollars, an increase of 22.
2%
year-on-year.
A few days ago, the Ministry of Industry and Information Technology released the operation of
the copper industry in the first quarter of 2022.
First, production remains stable
.
According to data from the National Bureau of Statistics, in the first quarter, refined copper production was 2.
644 million tons, a year-on-year increase of 6.
1%; Copper output was 4.
825 million tons, a year-on-year increase of 5.
7%.
Second, inventories fell
year-on-year.
According to data from Shanghai Steel Union, at the end of March, copper stocks were 124,000 tons, down 60.
8% year-on-year, at a low level
in recent years.
Third, the price runs
at a high level.
According to statistics from the China Nonferrous Metals Industry Association, in the first quarter, the average spot price of copper was 71,672 yuan / ton, up 14.
4%
year-on-year.
Fourth, imports increased
year-on-year.
According to data from the General Administration of Customs, in the first quarter, copper concentrate imports were 6.
35 million tons, a year-on-year increase of 6.
7%, and the import amount was 13.
83 billion US dollars, a year-on-year increase of 12.
7%; The import of unwrought copper and copper products was 1.
473 million tons, an increase of 2.
6% year-on-year, and the import value was 12.
17 billion US dollars, an increase of 22.
2%
year-on-year.
