Copper Inventories Rise 1,400 mt WoW, Regional Trends Diverge Amid Price Pullback and Varying Demand

Published: Jun 29, 2026 13:44

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【SMM Copper Inventory Flash】National mainstream copper cathode inventories recorded 207,400 mt, up 1,400 mt WoW from last Thursday, with regional trends diverging. Shanghai and Jiangsu continued destocking, supported by a pullback in copper prices and recovering downstream demand; in Guangdong, weak end-use demand, combined with a notable increase in arrivals, led to a sharp inventory buildup.

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