一、
铜精矿：8月调高了2010年供应，较7月1591万吨调高了7万吨；2011年保持不变，2012年从1789万吨调高到1797万吨；
消费量：8月调高了2010年消费量35万吨至1867.5万吨；同时调高了2011和2012年消费；
库存消费天数：2010年铜精矿从71天上调到73天，2011年保持不变；2012年上调1天至66天；

二、升水
中国：从7月份的140美元每吨下降至8月上半月的100-120，下旬再度下降至60-80美元每吨；
美国：持平在6.0-6.5美分每磅，期间由于运输问题现货升水一度走高至7.0后有所回落；
西欧：75-90美元每吨没有变化；

三、废铜
6月，美国国内No. 2 birch/cliff material 按COMEX 扣减32美分每磅，中国按COMEX扣减22美分每磅；
6月光亮铜，Bare bright quality material，按COMEX扣减5-8美分每磅，7月份缩小至1-2美分每磅，甚至平水；

四、消费
美国1-5月黄铜装运量同比增长13％；

中国：铜材产量高速增长，国家电网将大幅提高超高压电网建设，铜材新增产能持续扩张

1． the State Grid (SGCC), China’s major power grid operator, announced plans to build a network of ultra high-voltage (UHV) power transmission lines by 2020. During this current 12th 5-year plan, SGCC will complete the construction of UHV lines in northern, eastern and central China with lines as high as 1000 KV, which is double the existing network capacity. To date, most UHV cables have been imported from Japan and Europe, but SGCC will endeavour to produce the cable in China, driving the demand for copper rod for many years.
2． Plans for new semis plants continue to come forward The announcement from the SGCC was followed up (separately) by a statement from Jiangxi Copper Corp – already the nation’s largest refined copper producer and processor – that it intends to establish a new base for copper processing in the southern province of Guangzhou, in Zhencheng City. At 400kt/a, it would almost double the company’s existing capacity of copper semis, and comes with an investment tag of 2Bn yuan. Last year, JCC says it produced 484kt of copper products from 450kt of theoretical annual capacity installed, and its year-end 2009 target for 2010 was the same; clearly, its latest downstream investment plan is sorely required. Other company investments during the month were announced by Huigang Copper, which wants to set up a 750m yuan, 100kt/a capacity copper rod and bar facility in the Suixi economic development zone, Huaibei City, Anhui province; and by Chunlei Copper Semis Co, which has begun construction of its proposed 50kt/a capacity copper sheet and plate facility in Shanxi province. Meanwhile, Jiangnan Metal Products Co commissioned its 180m yuan, 30kt/a copper tube and rod plant in Xingan Country, Jiangxi on August 5th.

欧洲：最大铜材生产商Aurubis连续5个季度环比大幅回升，接近金融危机前水平

日本：铜消费数据强劲
黄铜和电线电缆制造持续强劲，

 
五、铜精矿：8月现货升水小幅走高
中国：现货铜精矿保持在20/2.0水平；
印度：从15/1.5上升至20/2.0：


六、其他
中国关闭产能情况和blister铜RC情况