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铜精矿处理费锐减,冶炼厂减产压力却未必大增

作者:tongwj来源:长江有色金属网网址:http://www.ccmn.cn

外媒3月11日消息:尽管冶炼厂的铜精矿处理费已降至个位数的极低水平,但这并不意味着会出现大幅减产。原因在于,大部分铜精矿供应仍按照年度合同条款定价,从而减轻了现货处理费下跌对冶炼厂的冲击。

外媒3月11日消息:尽管冶炼厂的精矿处理费已降至个位数的极低水平,但这并不意味着会出现大幅减产。原因在于,大部分铜精矿供应仍按照年度合同条款定价,从而减轻了现货处理费下跌对冶炼厂的冲击。

麦格理大宗商品策略主管马库斯·加维指出,由于冶炼厂拥有充足的合同预订量,其利润率总体仍保持在良好水平。然而,从现货处理费的角度来看,几乎每家冶炼厂都处于亏损状态,这种局面显然不可持续。

一些分析师认为,鉴于中国几乎所有的铜冶炼厂均为国有企业,它们可能更倾向于维持生产并承担短期损失。银河期货分析师表示,当前铜矿商正在测试冶炼厂的底线,而冶炼厂似乎并没有明确的价格底线。最终,解决当前困境可能需要铜价上涨,以刺激更多废铜供应。

几个月前,智利安托法加斯塔公司与中国金川集团签订的年度精矿供应基准合同,价格为每吨80美元和每磅8美分,较2023年下降9%,但仍反映出铜市相对平衡的状态。然而,随后巴拿马政府关闭加拿大第一量子矿业公司的科布雷铜矿,以及包括英美资源集团在内的其他生产商供应受限,使得分析师们不得不重新评估铜精矿供应前景。

除了处理费降低外,其他产品(如硫酸)的收入也表现平平,进一步加剧了冶炼厂的困境。目前,上海阴极铜现货溢价已回升至五年平均水平附近的60美元/吨。铜冶炼厂高管表示,硫酸(冶炼过程中的副产品)价格低迷,对冶炼厂的缓解作用有限。

资深人士阿尔伯特·德索萨曾负责必和必拓和纽克雷斯特矿业有限公司(现属纽蒙特公司)的营销部门,他表示,由于新冶炼产能的激增,合同处理费需要很长时间才能恢复到较高水平。


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新疆西部海新进出口贸易有限公司成立于2019年。是一家集国际进出口贸易、农副产品加工与生产、农业机械设备生产和销售及可再生资源回收再利用生产于一体的综合性企业。

Xinjiang Xibu Haixin Import and Export Trade Co., Ltd. was established in 2019. It is a comprehensive enterprise with businesses of international import and export trade, processing and produce of agricultural and sideline products, production and sales of agricultural machinery, and recycling and reuse of Renewable resource.

自公司成立以来一直着力打造全球化的采购供应链,现已与中亚、俄罗斯、非洲及巴西淡水河谷地区众多大型矿业集团达成战略合作协议。大宗矿产品的销售品系包含:电解铜、铁矿石、铜精粉、石油焦等。年销售规模自成立以来逐年稳步增长2022年已初步达成32亿人民币的销售规模。

Since its establishment, the company has been striving to build a global procurement supply chain, and has reached strategic cooperation agreements with many large mining groups in Central Asia, Russia, Africa and Brazil's Vale region. Sales of bulk mineral products include copper cathodes, iron ore, copper concentrate powder, Petroleum coke, etc. The annual sales volume has steadily increased year by year since its establishment. It has initially reached a sales volume of 3.2 billion RMB since 2022.

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2022年公司依托海外地区资源优势陆续完成了面粉加工企业、农业机械生产企业的投资与建设,并在运转初期就取得了骄人的业绩。公司面粉加工企业坐落于新疆边境霍尔果斯市综合保税区。现已与越南地区国企签定预采购面粉合同20000吨,销售金额将达到3.5亿人民币,累计小麦加工能力预计将达到50000, 年销售金额达6亿人民币。

In 2022, the company has successively completed the investment and construction of flour processing enterprises and agricultural machinery production enterprises based on the advantages of overseas resources, and has achieved impressive performance in the early stages of operation. The flour processing factory affiliated to the company is located in the comprehensive bonded area of Khorgas City, which is the border of Xinjiang. We have signed a pre- purchase flour contract with state-owned enterprises in Vietnam for 20000 tons, with a sales amount of 350 million RMB. The cumulative wheat processing capacity is expected to reach 50000 tons, with an annual sales amount of 600 million RMB.

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农业机械生产企业与澳大利亚等发达地区农业机械销售商累计签定定单达到1500000澳元。年预计完成出口产品达150台。预计年度销售规模将达到1.6亿人民币。

Agricultural machinery factory have signed cumulative orders with agricultural machinery sellers in developed regions such as Australia, reaching 1500000AUD. It is expected to complete the export of 150 units of machines annually. It is expected that the annual sales scale will reach 160 million RMB.


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当前,公司正以国家产业政策为指引,以自身全球采购供应链为优势和产业融合为契机,以产业化做精,多元化做强为目标,在新疆各级政府政策和上下游企业的支持下,依靠一支团结奋进、开拓创新的团队,一定能够把公司建设成为璀璨的企业之星。

At present, the company is guided by national industrial policies, taking its global procurement supply chain as an advantage and industrial integration as an opportunity, with the goal of becoming more meticulous and diversified in industrialization. With the support of government policies at all levels in Xinjiang and upstream and downstream enterprises, relying on a unity, progress, and innovative team, the company is bound to become a shining star of enterprises.

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