Copper Inventory Drops 19,700 MT WoW as Demand Surges

Published: Aug 24, 2026 12:02

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[SMM Copper Social Inventory Flash News] As of August 24, SMM's copper cathode social inventory in mainstream regions nationwide decreased by 19,700 mt WoW from Monday to 114,200 mt, down 8,800 mt YoY. Last week, copper prices corrected, and previously suppressed downstream demand was released, significantly boosting market warehouse withdrawals. This became the main driver for the unexpected destocking of the national copper cathode social inventory.

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