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国际铜期货合约交易操作手册2021——China’s Copper Market

时间:2025-09-05

Data from CNMIA indicates that, in 2019, production of refined copper in China

maintained the growth momentum, hitting 9.784 million metric tons, or 41.24%

of the world’s total (based on WBMS’ global data). Output from the top ten

copper-producing provinces amounted to 8.152 million metric tons, representing

83.3% of the country’s total. In particular, Jiangxi and Shandong each produced

more than 1.4 million metric tons of refined copper, together amounting for

29.1% of China’s total production. Consumption level in China was 12.08 million

metric tons, or 50.72% of the world’s total (based on WBMS’ global data).

Data from Beijing Antaike Information show that the power, air conditioning, and

transport sectors respectively consumed 49.20%, 16.70%, and 9.15% of the

country’s refined copper.

According to China Customs, China’s import of refined copper, blister copper,

and copper concentrates surged to 3.753 million metric tons in 2018, a new

record, due to reduced supply of scrap copper resulting from policy tightening

on the dismantling and import of scrap copper, and a substantial increase in

copper smelting capacity. Import volume fell in 2019; in particular, import of

refined copper showed a 5.40% year-on-year decrease, to 3,550,300 metric

tons. This contrasted with the export of refined copper in the same year, which

rose by 12.39% to 316,500 metric tons.


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