Copper Inventories in China Decline for Sixth Week Amid Smelter Maintenance and Strong Demand

Published: Apr 20, 2026 14:56

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【SMM Copper Inventory Update】Social inventory of copper cathode in major regions across China has been destocking for six consecutive weeks. Reduced domestic supply arrivals due to smelter maintenance, combined with warehouse withdrawals driven by regional price spreads and supported by rigid downstream demand, led to a continued decline in inventories.

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.

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