Abstract
China has now developed to be the world largest country for copper consumption, processing & manufacture and even for copper primary products export. The year of 2005 witnessed a growth of world copper ore and refined copper in output, reaching 14.98 million tons and 16.34 million tons respectively, both up 3.1%. Meanwhile, China also made a great progress in copper output and consumption in 2005. The output amounted to 2.53 million tons, increasing by 23% year on year.
Copper industry has experienced a rapid development but still can't satisfy the demands. In 2005, only 73.7% of refined copper can be self-supported, so 1.082 million tons of refined copper and 68,000 tons of copper alloys had to be imported. The supply-demand gap and shortage of raw materials resulted in the rise in copper price. The average price rose 26% to RMB 35254 per ton at home in 2005 while that in the international market increased by 28.4%. All these factors accelerated the growth in profit and investment in domestic copper smelting industry, each up 92.4% and 130.2%.
Copper and Copper Alloys Import of China, Jan-Sep 2006(unit: ton)
In the first half of 2006, China's copper products totaled at 2.4232 million tons, increased by 7.99% compared to the same period of 2005. As the domestic price was lower than that in the international market, the total imports of copper dropped by 43.7% to 389,560 tons over the same period of 2005, among which 65,521 tons of refined copper were imported in June, down 52.3% over June 2005.
After 26 years of development since reform and opening policy, China national economy will still remain a rapid growth in a long run and so does copper consumption due to the potential drives from three industries including power, appliance and construction.
According to nearly 20 years of statistics on copper raw material import structure and average copper consumption and growth, the copper consumption in China will be expected to keep growing at an average rate of 5%-10% in 2006-2010 and then reach a peak in 2015-2020.
Table of content
1 Operation status of China copper industry, 2006
1.1 Macroeconomic and policies
1.1.1 Coexistence of global economic growth and imbalance of trade flows
1.1.2 Export and investment promote the rapid growth of China national economy
1.1.3 Profit growth slowed down
1.1.4 Economic policies focus on energy & water saving and environmental protection
1.1.5 Macro control policies made achievements in copper smelting industry
1.2 Operational environments
1.2.1 Industrial structure unbalance
1.2.2 Non-ferrous metal industry goes well
1.2.3 Copper raw material industry
1.2.4 Copper processing industry
1.3 Supply and demand
1.3.1 Refined copper supply and trend
1.3.2 Copper import & export and trend
1.3.3 Consuming structure and consumption trend
1.3.4 Analysis of balance of supply and demand
1.3.5 Price trend at home
1.4 Business performance
1.4.1 Sales revenue and profit
1.4.2 Profitability of copper enterprises with different ownership
1.4.3 Profitability of different-scale copper enterprises
1.5 Financial results
1.5.1 Debt-paying abilities
1.5.2 Profit-making abilities
1.5.3 Efficiency
1.5.4 Growth
2 Challenges and reforms in China copper industry
2.1 Key elements in development
2.1.1 Production elements---copper resources, cost and technologies
2.1.2 Demand conditions---support from macroeconomic and consumption industries
2.1.3 Developing trend of non-ferrous metal industry chain
2.1.4 Concentration degree and strategies
2.1.5 Macro-control and policy guiding from government
2.2 Evaluations
2.3 Developing trend
2.3.1 Copper ore resources exploration turns to abroad
2.3.2 Copper scraps utilization
2.3.3 New trend
3 Regional comparison of China copper industry
3.1 Jiangxi
3.1.1 Supply and demand
3.1.2 Main economic indicators
3.1.3 Competitive advantages
3.1.4 Prospect
3.2 Anhui
3.2.1 Copper processing industry
3.2.2 Main economic indicators
3.2.3 Competitive advantages
3.2.4 Prospect
3.3 Yunnan
3.3.1 Overview of copper mining and smelting industry
3.3.2 Main economic indicators
3.3.3 Competitive advantages and disadvantages
3.3.4 Prospect
3.4 Zhejiang
3.4.1 Copper processing industry
3.4.2 Main economic indicators
3.4.3 Competitive advantages
3.4.4 Prospect
3.5 Jiangsu
3.5.1 Overview of copper smelting and processing industry
3.5.2 Main economic indicators
3.5.3 Competitive advantages
3.6 Other regions
3.6.1 Copper processing industry in Shandong
3.6.2 Main economic indicators in Shanxi
4 Prospect of copper industry, 2007-2010
4.1 Development environments over next 3-5 years
4.1.1 Global main economic indicators
4.1.2 Economic development under three kinds of pressures
4.1.3 Domestic policy environments
4.1.4 Binds from resources and environments
4.2 Copper concentrates supply over next 3-5 years
4.2.1 Domestic copper ore supply forecast
4.2.2 Global copper concentrates supply and market forecast
4.2.3 Expenses in copper processing and refining keep growing in 2006
4.3 Development of copper industry over next 3-5 years
4.3.1 Global developing trend
4.3.2 Domestic developing trend
4.3.3 Domestic copper import and export
4.4 Development of downstream copper consumption industries over next 3-5 years
4.4.1 Power
4.4.2 Appliance
4.4.3 Electronics
4.4.4 Transportation
4.4.5 Construction
4.5 Market pattern and economic benefits of copper industry
4.5.1 Market pattern and competition trend
4.5.2 Future economic benefits
4.5.3 Decisive factors for market competitiveness
5 Market forecast of copper industry, 2007-2010
5.1 Supply and demand in the international market
5.1.1 Global copper supply over next 5 years
5.1.2 Future international copper demand structure and forecast
5.1.3 Balance between supply and demand of international copper industry
5.1.4 Key influencing factors on global copper price and price trend
5.2 Supply and demand forecast in the domestic market
5.2.1 Key influencing factors on future copper demand
5.2.2 Estimated demand for copper over next 5 years through correlativity with macroeconomic
5.2.3 Estimated demand for copper through downstream demands
5.2.4 Comprehensive analysis of demand for copper
5.3 Market trend
5.3.1 Balance between supply and demand
5.3.2 Key influencing factors on domestic copper market trend
5.3.3 Price trend
6 Analysis of operation and competition of predominant enterprises
6.1 Jiangxi Copper Co., Ltd
6.1.1 Production and sales
6.1.2 Operational and financial results
6.1.3 Competitiveness
6.1.4 Prospect
6.2 Yunnan Copper Co., Ltd
6.2.1 Production & sales and profitability
6.2.2 Financial results
6.2.3 Advantages
6.2.4 Prospect
6.3 Anhui Tongdu Copper Co., Ltd
6.3.1 Operational and financial results
6.3.2 Competitiveness
6.3.3 Prospect
6.4 Daye Non-ferrous Metal Co.
6.4.1 Overview
6.4.2 Operational results
6.4.3 Prospect
6.5 Jinchuan Group Co.
6.5.1 Overview
6.5.2 Prospect
7 Investment opportunities and risks in copper industry
7.1 Investment attraction
7.1.1 Main economic characteristics
7.1.2 Investment environments
7.1.3 Return on investment and cost of capital
7.1.4 Evaluation on investment benefit over next few years
7.2 Investment opportunities and risks
7.2.1 The goverment is strengthening industrial management and optimizing investment environments
7.2.2 Improving the barrier to entry into industry so as to reduce investment risks
7.2.3 Rapid growth in production capacity leads to higher investment risks
7.3 Suggestions on investment strategies
7.3.1 Overall investment strategies must be farsighted
7.3.2 Reselection of investment orientation and scale
7.3.3 Enterprises strong in resources and competitiveness should be the choice
Selected charts
Self-production and import of copper raw material in China during the 11th Five-year Plan period
Copper ore and copper concentrates import in China, Jan-Sep 2006
Copper and copper alloys import in China, Jan-Sep 2006
Copper products supply in each region of China, Jan-Sep 2006
Statistics of production capacity, output and constructing ability of China copper industry, Jan-Sep 2006
Output of top 30 key copper enterprises in China, Jan-Sep 2006
Import and export of copper industry by product, Jan-Sep 2006
Apparent consumption of refined copper, Jan-Sep 2006
Profitability indexes of copper smelting industry, 2003-Sep 2006
Cost and expense of copper smelting industry, Jan-Sep 2006
Operational efficiency index of copper smelting industry, 2001-first three quarters of 2006
Long-term forecast on copper demand in China
Output and import of copper raw material in China, 2006-2010
Output expansion plans of Chinese refineries, 2005-2008
Production and sales of auto industry, 2001-first three quarters of 2006
Forecast of consumption for all copper products by copper consumption industries, 2007-2010
Comprehensive forecast of copper consumption
Output of Jiangxi Copper Co., Ltd by product in 2005 and 2006
Established and establishing projects of Jiangxi Copper Co Ltd, 2006
Sales of Yunnan Copper Co., Ltd by product, 2006
Production and sales of China copper market, 2001-2006
Regional supply for copper concentrates (copper content)
Sales revenue and profit of copper ore mining, 2003-2006
Profitability of copper ore mining and copper smelting industry, 2003-2006
Copper ore and concentrates import in China, 2001-2006
Increasingly growing copper scraps import proportion (by month)
Regional contribution to output of copper products 2006
Supply trend of copper ore, crude copper and refined copper, 2001-2006
Monthly supply of domestic refined copper, 2004-2006
Import & export of copper and copper alloy and trend, 2001-2006
Total import and export value of copper and copper products, 2001-2006
Copper consumption trend in China, 2001-2006
Copper consumption by key consumption industries, 2001-2006
Trend of copper price in domestic market and transaction price in Shanghai Store Exchange
Sales revenue of different-scale copper refineries
Profitability of different-scale copper refineries
Profit-making abilities of different-scale copper enterprises
Statistics of liability/asset ratio of copper smelting industry, 2003-2006
Comparison of liabilities/assets ratio of copper enterprises with different ownership, 2005
Expense structure of copper smelting industry, 2001-2006
Growth of total value of industrial output in copper industry, 2003-2006
Statistics of China to the world in copper consumption, 1991-2006
Statistics of annual demand growth of refined copper both in China and the world, 1996-2006
Import volume and value of copper ore and concentrates, 2001-2006
Copper scrap output, 2001-2006
Scale and profitability of copper industry in key provinces and cities, 2003-2006
Output and changes of copper products in Jiangxi, 2002-Sep 2006
Profitability of copper smelting industry in Jiangxi, 2003-2006
Output and changes of copper products in Anhui, 2002-Sep 2006
Profitability of copper smelting industry in Anhui, 2003-2006
Output and changes of copper products in Yunnan, 2002-Sep 2006
Profitability of copper smelting industry in Yunnan, 2003-2006
Output and changes of copper products in Zhejiang, 2002-Sep 2006
Profitability of copper smelting industry in Zhejiang, 2003-2006
Output and changes of copper products in Jiangsu, 2002-Sep 2006
Profitability of copper smelting industry in Jiangsu, 2003-2006
Output and changes of copper products in Shandong, 2002-Sep 2006
Boom-cycle declining in non-ferrous metal industry
Investment in power will see a great increase in 2007-2010
Trend of boom index in electronics industry
Contrast of main economic indicators between copper and non-ferrous metal industries
Monthly demand growth in refined copper both in China and the world, 1996-2006
Statistics of LMEX（London Metal Exchange index）and USDX(US Dollar index) since 2005
Correlativity of GDP and copper consumption growth
Domestic copper price trend, 2007-2008
Sales revenue of Jiangxi Copper Co., Ltd by products in 2005 and 2006
Sales market changes of key products of Jiangxi Copper Co., Ltd, 2002-2006
Profitability of Jiangxi Copper Company Limited, 1999-2006
Financial index of Jiangxi Copper Co., Ltd, 2003-2006
Profitability of Yunnan Copper Co., Ltd, 1998-2006
Sales status of Yunnan Copper Co., Ltd in regional markets, 2006
Operational index of Yunnan Copper Co., Ltd, 2003-2006
Return on equity of Yunnan Copper Co., Ltd, 1995-2006
Profitability of Anhui Tongdu Copper Co., Ltd, 1993-2006
Prime operating revenue of Anhui Tongdu Copper Co., Ltd, 2001-2006
Prime operating costs of Anhui Tongdu Copper Co., Ltd, 2001-2006
Financial index of Anhui Tongdu Copper Co., Ltd, 2003-2006
|
Published Time |
Pages |
Publisher |
Price |
|
Dec/2006 |
135 |
ResearchInChina |
$1,600(PDF) |
|
$1,500 (Hard Copy) | |
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