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Tuesday, January 25, 2022

Exclusive: China's Metals Output in December - SMM - Shanghai Metals Market

Last updated Sunday, January 9, 2022 20:21 ET , Source: NewsService

The domestic copper cathode output in December stood at 870,300 mt, up 5.38% month-on-month (MoM) and 0.97% year-on-year (YoY). Generally speaking, many smelters have completed their maintenance, and some recovered quickly from accidents.

SHANGHAI, Jan 10 (SMM) — This is a roundup of China's metals output in December 2021, from an exclusive survey of key producers by SMM analysts.

Copper cathode

The domestic copper cathode output in December stood at 870,300 mt, up 5.38% month-on-month (MoM) and 0.97% year-on-year (YoY). Generally speaking, many smelters have completed their maintenance, and some recovered quickly from accidents. There were a few smelters producing with high operating rates to meet their annual production targets. As such, the domestic copper cathode in December was far higher than market estimate, marking a new high in nearly 6 months. In terms of maintenance plans, only Yunnan Copper, Fuye Group and Huludao Beifang Copper were under maintenance. The two largest copper smelters in Guangxi also resumed normal production from maintenance and the accident, and their monthly output even recorded historical highs. For raw materials, the short supply of blister copper eased to some extent. And the copper cathode imports have returned to normal in November with the improvement of the shipping problems at ports in South Africa. Only a few smelters in coastal provinces have not yet reached full production due to shortage of blister copper. Nonetheless, the tight...



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