A Comprehensive Survey of the Copper Market in 2009
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Colleagues, how’s production this year? As for whether production is proceeding normally, everyone should consider the situation in their own companies and assess what state the copper market is in at the moment.
One place I went to did very well in the first half of last year, but its performance got worse and worse in the second half~~ It was just average at the beginning of 2009, barely managing to cover its costs……
There was a loss last year; processing fees rose in the first half of this year, but things are still okay. It is expected that the economic crisis will remain severe in the second half, and the copper market looks unfavorable.
Surviving by a thread: lol is the way to go – has it reached rock bottom? Wait; there won’t be any improvement in two years
I also think the non-ferrous metals market won’t see any improvement in the next two years. My classmate’s company is involved in the trading of non-ferrous metal ores, and this year it can barely manage to get by----
I am currently working in the Non-ferrous Metals department at a Shanghai futures company. At present, the prices of many metals internationally are much lower than those in China. Import restrictions exist, but even at current prices that are higher than international levels, it is still difficult for domestic manufacturers to continue production.
It is estimated that a major breakthrough will not occur until in two years; currently, it is a good time to invest in building factories, mainly because the construction costs are low. Once the factories are built, the market conditions will improve as well. Smart investments are being made right now
A cycle of ten years, with a bottom reaching in five years. It’s just the beginning; the tough times are yet to come!
It should be around 40,000 yuan per ton, with a grade of 0.8% – this level is sufficient to maintain production; below this grade, production must be halted
It should still be quite severe; the current situation is not optimistic at all.
Around the Spring Festival, a friend from a copper smelting company in Dongying, Shandong, wanted to dump gas products such as liquid oxygen and liquid nitrogen. The price is very low; it can be seen from this that refineries use little gas, and the local market is not good either. So the situation is not optimistic. No one can currently say for sure whether copper production worldwide is in surplus or not, by how much; nor can they determine whether China is in a surplus situation, and if so, by how much. What’s more critical is that there are no new products, new processes, or new technologies to boost the market; the situation is chaotic at present.
It is indeed a good time to invest; build factories or upgrade existing production facilities at low costs, and once they are built, the economy will gradually improve as well. It’s much better than those projects from 08 that planned to build factories but stopped halfway
It is quite concerning; although it is a good time for investment, it’s unclear when the funds will be available again. The overall situation is not optimistic, with companies all waiting to see what happens. .
A copper company has been shut down for half a year, and no one knows when it will resume production. It’s all because of the financial crisis.
Be prepared to live frugally! Indeed, it is a period of adjustment for the non-ferrous metals industry, with both opportunities and risks present. The leaders of those companies who are able to grasp this broader trend in economic development will be able to survive in these difficult times! One can then become a trendsetter of the era! Since the crisis broke out last year, we have been operating at full capacity for production, and a new factory is also in the process of being established……
It should be better than the situation in the second half of 2008; currently, the processing fee for copper is over $70, while the price of copper concentrate has declined.
I think the copper industry will continue to do well, after all it occupies a significant role in the economy. The key is that companies should not approach the current market conditions with the expectation of huge profits as they did in 2007 and 2008