Copper Inventory in China Declines Amid Supply Tightness and Price Hikes

Published: Mar 30, 2026 13:36
【SMM Copper Inventory Flash】This week, social inventory of copper cathode in China’s major regions continued to decline, mainly supported by tight supply in some areas and a recovery in downstream consumption; however, higher copper prices somewhat restrained downstream procurement, and relatively weak consumption slowed the pace of destocking.

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
Data: SHFE, DCE market movement (Mar 31)
1 hour ago
Data: SHFE, DCE market movement (Mar 31)
Read More
Data: SHFE, DCE market movement (Mar 31)
Data: SHFE, DCE market movement (Mar 31)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 31 Mar , 2026
1 hour ago
Zijin Mining 2025 Report: Zinc Output Down, Smelting Up, Bisha and Wulagen Mines Plan Increased Production
1 hour ago
Zijin Mining 2025 Report: Zinc Output Down, Smelting Up, Bisha and Wulagen Mines Plan Increased Production
Read More
Zijin Mining 2025 Report: Zinc Output Down, Smelting Up, Bisha and Wulagen Mines Plan Increased Production
Zijin Mining 2025 Report: Zinc Output Down, Smelting Up, Bisha and Wulagen Mines Plan Increased Production
Zijin Mining released its 2025 annual report. The report showed that in 2025, the company’s mines produced 357,453 mt of zinc in zinc concentrates, down 12.19% YoY (same period last year: 407,077 mt); smelting output of zinc ingot was 397,679 mt, up 7.17% YoY (same period last year: 371,057 mt). Lead content in lead concentrates output was 41,065 mt, down 7.51% YoY (same period last year: 44,397 mt). Among them, the Bisha zinc mine produced 83,000 mt of ore-derived zinc and 23,000 mt of copper in 2025, and plans to produce 91,000 mt of ore-derived zinc and 30,000 mt of copper in 2026; Zijin Zinc’s Wulagen zinc (lead) mine produced 136,000 mt of ore-derived zinc and 20,000 mt of ore-derived lead in 2025, and plans to produce 134,000 mt of ore-derived zinc and 18,000 mt of ore-derived lead i
1 hour ago
Active Offerings of Forward-Month Delivery B/Ls, Trading Volume Pulled Back Significantly from the Previous Day [SMM Yangshan Spot Copper]
3 hours ago
Active Offerings of Forward-Month Delivery B/Ls, Trading Volume Pulled Back Significantly from the Previous Day [SMM Yangshan Spot Copper]
Read More
Active Offerings of Forward-Month Delivery B/Ls, Trading Volume Pulled Back Significantly from the Previous Day [SMM Yangshan Spot Copper]
Active Offerings of Forward-Month Delivery B/Ls, Trading Volume Pulled Back Significantly from the Previous Day [SMM Yangshan Spot Copper]
3 hours ago