Copper inventory in the domestic bonded zone decreased

Published: Jun 3, 2024 17:14

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According to the SMM survey, as of Thursday May 30, copper inventory in the domestic bonded zone decreased by 6,600 mt from May 23 to 93,200 mt.

According to the SMM survey, as of Thursday May 30, copper inventory in the domestic bonded zone decreased by 6,600 mt from May 23 to 93,200 mt. Shanghai bonded inventory decreased by 5,300 mt to 87,500 mt, and Guangdong bonded inventory decreased by 1,300 mt to 5,700 mt. The inventory decline was mainly due to the long-term significant import losses, leading to the gradual shipments of copper cathode from the bonded zone inventory. Copper cathode exports scheduled for May will also gradually arrive at the bonded warehouses, and there is still an expectation of growth in bonded zone inventory.

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