SHANGHAI, Jan 23 (SMM) – Copper stocks across Shanghai bonded areas jumped this week, as the upcoming Chinese New Year holiday and closed import arbitrage window muted trades and as shipments under bill of lading arrived.
SMM data showed that the stocks increased 20,500 mt from last Friday January 17 to 292,500 mt as of Thursday January 23.
The stocks have risen for six consecutive weeks, with the past three weeks seeing substantial gains of a cumulative volume of 44,500 mt.
![La structure de déport du LME s'élargit, le ratio de prix SHFE/LME se détériore, le sentiment d'attentisme du marché augmente [Cuivre spot de Yangshan SMM]](https://imgqn.smm.cn/usercenter/EFLYr20251217171714.jpeg)
![L'écart de prix entre les contrats à terme s'élargit, les acheteurs en aval sont réticents à acheter ; les primes baissent avec des transactions médiocres [SMM cuivre au comptant en Chine du Sud]](https://imgqn.smm.cn/usercenter/kvwSZ20251217171710.jpg)
