Copper Inventories in China See Mixed Trends Amid Price Pullback

Published: Jun 26, 2026 15:45

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【SMM Copper Inventory Alert】Copper cathode inventories in mainstream regions across China accumulated slightly MoM. In the Shanghai market, the pullback in copper prices boosted downstream purchasing, causing inventories to shift from an increase to a decrease; in Jiangsu, the pullback in copper prices drove a recovery in end-use demand, and inventories declined in tandem; in Guangdong, mid-year downstream consumption slowed down, and smelters increased shipments into warehouses, resulting in a continued inventory buildup in the region.

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