SHANGHAI, May 8 (SMM) – Stocks of copper across Shanghai bonded area continued their steep decline this week, as robust consumption in China and enticing profits boosted demand for imported copper.
SMM data showed that the stocks decreased 14,500 mt from Thursday April 30 to 265,000 mt as of Friday May 8, marking a seventh straight week of decline.
Operating rates across Chinese copper rod producers climbed towards record highs in April, according to the latest SMM survey, as Beijing’s infrastructure push boosted demand.
Yangshan premiums rose further this week and kept the import arbitrage window open.

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![La oferta limitada disponible mantuvo firmes las cotizaciones de los proveedores, pero la demanda intermedia fue débil [Cobre al contado del sur de China de SMM]](https://imgqn.smm.cn/usercenter/SiNDH20251217171711.jpg)
![Altos precios del cobre combinados con amplio diferencial de precios entre contratos de futuros, transacciones de mercado en punto muerto [Revisión semanal del cátodo de cobre al contado de Shandong de SMM]](https://imgqn.smm.cn/usercenter/HfIIS20251217171709.jpg)
