Latest Update in the China Brand Data Market

According to a government report disclosed by the media, Chile's National Copper Council (Cochilco) expects that the growth rate of Chilean copper output from 2021 to 2030 will be slower than previously expected, and the peak time will be delayed.

SMM predicts that the aluminium billet inventory will surge high before falling rapidly, while conversion margins will fluctuate upwards.

In December 2022, China exported 219,500 mt of PV glass, a month-on-month increase of 7.6 & and a year-on-year increase of 26.66%; from January to December 2022, the cumulative export volume was 2.25 million mt, a year-on-year increase of 6.83%. Vietnam was the biggest importer and imported 46,900 mt of PV glass from China, down 4.48% on the month.

As the wrestling between steel mills and coking companies kicks off, the coke prices are expected to remain largely stable with limited decline.

In December 2022, key iron and steel enterprises produced a total of 64.10 million mt of crude steel, a year-on-year decrease of 8.20%, the daily output of crude steel was 2.07 million mt, a month-on-month increase of 2.02%.

Financial Times reported on January 23 that the UK will propose a carbon border tax on imported steel and encourage companies to invest in greener technologies.

However, although the production in South America has been frequently disrupted, SMM believes that this has limited impact on the spot market of copper concentrate in China.

Thanks to the rapid development of the new energy industry, the prices of nickel, copper and cobalt increased significantly.