Copper Cathode Inventory in China Continues to Decline, but at a Slower Pace Due to Price Rebound

Published: Apr 9, 2026 14:53
【SMM Copper Cathode Rod News Flash】Social inventory of copper cathode in major regions across China continued destocking this week, but the destocking pace slowed down. The rebound in copper prices weighed on downstream consumption, yet maintenance at smelters led to reduced arrivals of domestically produced supplies, which continued to support inventory drawdowns.

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
【SMM Copper Cathode Rod News Flash】Social inventory of copper cathode - Shanghai Metals Market (SMM)