Professional Documents
Culture Documents
2009
2008
2007
2006
2005
Global
Production
18405
18236
17944
17296
16572
% change
0.93%
1.63%
3.75%
4.37%
4.46%
Ex-China
14205
14441
14445
14293
13972
Consumption
17628
17935
18163
17140
16616
% change
-1.71%
-1.26%
5.97%
3.15%
-0.53%
Ex-China
12588
13146
13370
13370
13010
1184
706
547
560
468
244
212
112
96
60
13
40
India
Copper production
641
669
719
627
518
Copper consumption
520
500
475
407
397
220
227
193
278
211
279
416
450
356
289
Inventory levels - year-end
LME
502.4
339.8
197.5
182.8
89.6
SHFE
95.3
15.3
25.6
31.3
57.8
Average daily volatility (MCX spot prices)
1.92%
3.3%
2.5%
2.2%
1.9%
Source: ICSG, DGCIS, USGS, GFMS Copper Survey 2009, GFMS base metal report, LME, SHFE, MCX, ICA
Global refined production - break-up (000 tonne)
Primary from concentrate
12913
12250
12141
11934
11768
Primary SX-EW
3314
3157
3060
2749
2644
Secondary
2898
2829
2743
2613
2161
18405
18236
17944
17296
16572
5597
5955
6276
6116
6000
6766
6218
5908
5288
5071
1824
2040
2145
1979
1950
1757
1824
1820
1769
1667
1684
1899
2014
1988
1927
17628
17935
18163
17140
16616
2008
2007
2006
2005
3.1
2.4
1.4
10.4
9
2.7
3.4
0.3
2.2
1.4
5.3
2.1
2.9
3.4
2.5
16.5
5.7
4.25
0.066
2.25
5.58
6.25
4.1
0.3
7.4
17.6
17.79
10,718
9,398
100
100
100
54.9
15.1%
32.9
-35.6%
49.1
-2.9%
52.2
-3.6%
54.9
-3.7%
9.2
5.7
-23.9
-6.3
-6.3
Source: OECD, IMF, CPM Gold Yearbook, World Bank, BSE, Dow Jones
Non-agricultural commodities
Copper prices
Month
Open
Mar-10
338.15
355.50
Feb-10
310.50
344.40
Jan-10
343.95
354.20
Dec-09
324.30
347.15
Nov-09
308.80
325.45
Oct-09
297.80
315.40
Sep-09
308.00
319.20
Aug-09
276.25
317.15
Jul-09
242.50
278.00
Jun-09
229.85
256.75
May-09
228.20
241.75
Apr-09
206.50
242.75
Mar-09
173.50
209.45
Feb-09
157.05
177.30
Jan-09
155.00
174.65
Dec-08
189.05
191.45
Nov-08
207.50
214.75
Oct-08
303.50
305.00
Sep-08
327.45
328.40
Aug-08
342.85
343.80
Jul-08
365.80
387.35
Jun-08
335.10
371.65
May-08
332.80
361.20
Apr-08
335.10
355.50
Mar-08
335.80
353.90
Feb-08
286.55
342.35
Jan-08
265.95
292.95
Dec-07
279.50
280.60
Nov-07
302.80
304.25
Oct-07
317.85
327.65
Sep-07
304.55
321.30
Aug-07
322.50
322.50
Jul-07
314.75
332.05
Jun-07
305.00
315.05
May-07
333.50
345.60
Apr-07
303.05
343.15
Mar-07
272.90
305.00
Feb-07
256.70
282.80
Jan-07
285.60
286.55
Dec-06
320.15
327.40
Nov-06
336.85
338.60
Oct-06
351.55
361.50
Sep-06
358.50
375.45
Aug-06
348.40
360.05
Jul-06
343.90
383.25
Jun-06
371.50
374.00
May-06
328.40
397.85
Apr-06
242.45
343.00
Mar-06
216.40
247.95
Feb-06
216.70
229.00
Jan-06
203.50
218.50
Dec-05
193.40
209.75
Nov-05
174.30
195.00
Oct-05
167.00
183.50
Sep-05
158.30
169.50
Aug-05
156.80
174.00
Jul-05
145.60
157.90
Jun-05
139.30
156.00
May-05
136.00
139.90
Apr-05
137.25
149.30
Source: Exchanges websites, ICE, RBI
332.55
290.90
311.10
318.10
300.60
280.80
286.50
276.20
234.70
229.85
212.65
202.15
171.50
153.15
150.85
138.55
172.50
188.50
293.30
302.40
331.55
330.80
331.15
327.05
310.40
278.15
265.35
252.35
251.65
300.10
289.60
281.30
311.55
292.05
287.55
299.65
260.75
235.00
246.60
283.20
296.65
327.65
335.65
347.00
333.90
291.00
325.00
242.45
211.80
210.50
199.90
192.55
172.10
166.95
153.40
153.25
145.60
138.30
127.65
137.25
Close
351.35
332.50
311.45
344.00
322.70
307.95
297.10
302.60
276.30
238.30
229.20
222.55
207.10
171.05
157.65
152.75
184.05
206.95
302.20
331.15
343.55
368.80
336.50
351.20
335.90
338.95
287.20
266.00
275.55
302.35
317.75
308.10
322.80
310.25
305.30
322.30
302.70
266.80
256.20
285.60
312.80
336.55
352.90
356.05
363.50
351.75
373.30
322.35
243.00
214.05
216.80
202.90
193.00
173.10
167.10
164.55
156.85
149.00
139.55
144.85
Open
7521.75
6755.00
7405.00
6940.00
6502.00
6180.00
6310.00
5781.00
4984.00
4819.75
4450.00
4040.00
3390.00
3224.50
3055.00
3640.00
4215.00
6395.00
7520.00
8065.00
8530.00
7945.00
8585.00
8380.00
8415.00
7299.75
6750.00
7050.00
7760.00
8025.50
7480.00
7980.25
7580.00
7455.00
7760.00
6900.00
6100.00
5760.00
6300.00
7095.00
7420.00
7602.00
7615.00
7800.00
7475.00
7915.00
7240.00
5405.00
4780.00
4830.00
4400.00
4243.00
3915.00
3790.00
3615.00
3520.00
3311.00
3045.00
3190.00
3287.00
7245.25
6225.00
6700.00
6762.75
6372.25
5810.00
5855.25
5765.00
4710.00
4685.00
4315.00
3960.75
3340.00
3096.00
3025.00
2817.25
3375.00
3590.00
6170.00
7120.00
7840.00
7760.00
7855.00
8160.00
7611.00
7025.00
6675.00
6317.00
6430.00
7645.00
7085.00
6730.00
7550.00
7050.00
6952.00
6807.00
5796.00
5250.00
5430.00
6250.00
6645.00
7002.00
7150.00
7180.00
7000.00
6410.00
7060.00
5390.00
4650.00
4645.00
4330.00
4240.00
3853.00
3750.00
3489.85
3454.00
3185.00
3025.00
2960.00
3110.00
7790.00
7195.00
6745.00
7375.00
6930.00
6480.00
6159.00
6475.00
5719.00
4967.00
4830.00
4431.00
4040.00
3449.00
3155.00
3070.00
3620.00
4099.00
6360.00
7510.00
8055.00
8510.00
7935.00
8549.00
8390.00
8430.00
7350.00
6675.00
7000.00
7725.00
8020.00
7460.00
8010.00
7560.00
7380.00
7761.00
6860.00
6015.00
5735.00
6330.00
7080.00
7380.00
7545.00
7700.00
7950.00
7320.00
7900.00
6990.00
5390.00
4798.00
4840.00
4395.00
4246.00
3912.00
3769.50
3603.00
3517.00
3319.00
3046.00
3215.00
LME cash
RBI Rate
(USD/tonne)
USD/INR
Monthly average
7462.83
6848.18
7386.25
6981.71
6675.60
6287.98
6196.43
6165.30
5215.54
5013.95
4568.63
4406.55
3749.75
3314.73
3220.69
3071.98
3717.00
4925.70
6990.86
7634.70
8414.04
8260.60
8382.75
8684.93
8439.29
7887.69
7061.02
6587.67
6966.70
8008.43
7648.98
7513.50
7973.91
7475.88
7682.17
7766.47
6452.48
5676.45
5669.66
6675.11
7029.18
7500.39
7602.36
7695.66
7712.10
7197.61
8045.86
6387.78
5102.85
4982.40
4734.33
4576.78
4269.34
4059.76
3857.84
3797.75
3614.21
3524.07
3249.10
3394.48
45.50
46.33
45.96
46.63
46.59
46.72
48.39
48.36
48.47
47.78
48.61
50.08
51.23
49.22
48.83
48.64
49.00
48.64
45.56
42.94
42.84
42.82
42.13
40.02
40.36
39.73
39.37
39.44
39.44
39.51
40.34
40.82
40.42
40.77
40.78
42.15
44.03
44.16
44.33
44.63
44.85
45.47
46.12
46.54
46.46
46.06
45.41
44.95
44.48
44.33
44.40
45.65
45.73
44.82
43.92
43.63
43.54
43.59
43.49
43.74
Open
60690.00
55100.00
59400.00
54350.00
50210.00
49320.00
49100.00
46920.00
40500.00
38400.00
38850.00
34450.00
28540.00
26400.00
26080.00
29350.00
32410.00
53820.00
59750.00
61650.00
63200.00
61100.00
64700.00
65450.00
68000.00
62800.00
58900.00
61180.00
64500.00
67310.00
65400.00
68030.00
63100.00
64720.00
71730.00
62900.00
57650.00
55500.00
61390.00
66610.00
69800.00
71250.00
69700.00
68120.00
64000.00
71500.00
70120.00
50200.00
46150.00
48540.00
42700.00
38290.00
37010.00
37210.00
35050.00
35530.00
33950.00
32500.00
35200.00
33630.00
57220.00
51610.00
55500.00
53330.00
50100.00
48400.00
46000.00
45940.00
38820.00
37500.00
35100.00
34420.00
27400.00
25400.00
25900.00
23650.00
28550.00
31140.00
53850.00
57500.00
61260.00
59930.00
60130.00
63750.00
63430.00
62000.00
58000.00
54850.00
52700.00
64140.00
64060.00
61360.00
62900.00
60100.00
60320.00
62620.00
55040.00
52140.00
52150.00
59990.00
62100.00
69100.00
68340.00
65610.00
60540.00
54050.00
69920.00
50200.00
46000.00
45250.00
42600.00
37890.00
36000.00
36910.00
34860.00
33750.00
33680.00
32340.00
31500.00
33410.00
Close
60890.00
57800.00
56240.00
59440.00
54210.00
51100.00
47680.00
49860.00
45260.00
40710.00
37400.00
37280.00
34140.00
28640.00
26370.00
24610.00
29530.00
32350.00
56070.00
59920.00
61980.00
63160.00
60900.00
65210.00
66040.00
67900.00
61990.00
58730.00
59540.00
65130.00
67610.00
65240.00
67820.00
63150.00
63890.00
68980.00
62090.00
57740.00
54470.00
61090.00
66010.00
69600.00
71030.00
67630.00
67270.00
61440.00
73370.00
67430.00
50260.00
45900.00
46680.00
41930.00
37910.00
37250.00
36570.00
35250.00
35720.00
34610.00
32370.00
34830.00
CNY/INR spot
Dollar index
Monthly average
6.66
6.78
6.73
6.83
6.83
6.84
7.09
7.08
7.09
6.99
7.12
7.34
7.50
7.21
7.14
7.11
7.18
7.12
6.67
6.28
6.26
6.22
6.04
5.72
5.70
5.55
5.43
5.35
5.32
5.27
5.36
5.38
5.34
5.34
5.32
5.46
5.68
5.69
5.69
5.70
5.70
5.75
5.81
5.84
5.82
5.75
5.66
5.61
5.54
5.51
5.50
5.65
5.65
5.54
5.43
5.39
5.29
5.26
5.25
5.03
80.81
80.27
77.98
77.00
75.40
76.17
77.19
78.53
79.71
80.26
82.11
85.55
86.71
86.84
84.83
83.65
86.77
83.53
78.37
76.21
72.79
73.41
73.05
72.38
72.72
75.77
76.00
76.79
75.67
77.78
79.14
80.87
80.61
82.21
82.01
81.95
83.17
84.28
84.58
83.07
84.72
86.11
85.25
84.91
85.61
85.37
84.69
88.13
89.58
90.26
88.83
90.63
91.37
89.54
87.99
87.86
89.55
88.33
85.63
84.24
Non-agricultural commodities
USA
6%
7%
Peru
8%
Others
45%
Chile
34%
Others
25%
China
38%
Japan
5%
North America
12%
Europe
20%
Source: USGS
Copper Prices, Chinese Imports & Rolling correlation of LME prices Vs Inventory
9000
8000
7000
0.5
6000
0
5000
4000
-0.5
3000
2000
-1
1000
Apr 08
Mar 09
Jun 06
May 07
Jul 05
Aug 04
Oct 02
Sep 03
Dec 00
Nov 01
Feb 99
Jan 00
Apr 97
Mar 98
May 96
Jul 94
Jun 95
Aug 93
Oct 91
Sep 92
Dec 89
Nov 90
Feb 88
Feb 10
-1.5
0
Jan 89
Apr 86
LME
Mar 87
Note: Vol and OI in lots; Aggregate volume in all contracts during the month; Cumulative open interest in all contracts at the month-end.
Source: Exchanges websites