Copper Cathode Inventories Drop in Shanghai as Prices Fall and Demand Rises

Published: Feb 9, 2026 13:26

Save

【SMM Copper Inventory Update】Reduced arrivals of domestically produced copper cathode over the weekend, combined with a significant pullback in copper prices last week that spurred a recovery in consumption, led to a notable destocking of copper cathode inventories in the Shanghai area. Other regions continued to experience inventory buildup, collectively driving a reduction in SMM's social inventory of copper cathode across mainstream regions.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

Macro Sentiment Wavered, BC Copper Closed Flat After Wide Intraday Swings [SMM BC Copper Commentary]

2 hours ago

South Korea to Exempt Tariffs on Overseas-Sourced Critical Minerals

On the 25th, it was confirmed that the South Korean government will exempt tariffs of 3–8% on critical minerals such as lithium, graphite, and rare earth elements when domestically owned companies directly produce and import them from overseas. The Ministry of Trade, Industry and Energy has pre-announced a new regulation outlining tariff exemptions for overseas resource development projects. Under the policy, a total of 14 critical minerals—including lithium, graphite, nickel, cobalt, manganese, copper, zinc, and rare earth elements such as lanthanum, cerium, neodymium, terbium, dysprosium, yttrium, and scandium—will be eligible for duty exemption when brought into the country. The regulation is set to take effect on April 3.

2 hours ago

4 hours ago

Data: SHFE, DCE market movement (Mar 26)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 26 Mar , 2026

4 hours ago