China's Copper Inventory Sees Minor Fluctuations, Shanghai Declines Amid Weak Demand

Published: May 18, 2026 15:13
【SMM Copper Inventory Update】Social inventory of copper cathode in China's major regions saw relatively small overall fluctuations, maintaining a slight destocking trend. Only Shanghai inventory continued to decline, while other regions generally experienced inventory buildup, mainly due to the simultaneous reduction in arrivals of both imported copper and domestically produced copper recently. Demand side, suppressed by continuously rising copper prices, downstream purchase willingness was insufficient, and overall demand remained weak.

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