Barclays Bank recently released research report, expected this year, China ‘s net imports of copper demand will grow by 5 %. In this demand , the proportion of refined copper will be reduced , while the proportion of copper concentrate will increase , because of its local production increased .
Barclays Bank expects China ‘s copper imports will further shift from the metal plate materials sector . Domestic refined copper production is likely to grow strongly , because it will make use of refined copper supply growth from new and old copper mine copper brought scale , as well as the total cost of refined copper into refined copper (TC / RC ) brings more powerful rising pricing irritating factor. Last year , Barclays expects the implied demand for imports of refined copper was 2.6 million tons , while imports are slightly higher than the actual expectations of 2.78 million tons .
This year’s Chinese import demand for copper , we expect the implied demand for copper concentrate imports will grow quarter to nearly 3.4 million tons ; terms of percentage growth or from growth in tonnage , it will hit a new historic record.
By contrast, China ‘s refined copper imports demand is likely to fall by 15% this year , to 2.3 million tons due to two factors being : China ‘s domestic production of refined copper is very strong growth performance , growth this year is expected to 16% ; growth rate of demand is slowing , growth is expected this year will be 7 %. However , imports of refined copper actual number will depend on the inventory cycle and price signals .(chemicals offer)
