SHANGHAI, Mar 31 (SMM) – Going forward, shipments under warrants to be delivered soon will decline given persistent import losses. Shipments slated to arrive in early April can hardly be fully purchased by the market.
As such, the drop in bonded zone inventories should slow down noticeably next week.
![Imported supply replenishment combined with widening backwardation, Shanghai spot copper premiums retreat after rapid rise [SMM Shanghai Spot Copper Weekly Review]](https://imgqn.smm.cn/usercenter/KTLHT20251217171714.jpeg)

![Stok sosial tembaga turun menjadi 88.900 mt, Guangdong mencapai titik terendah baru tahun ini [Data mingguan SMM]](https://imgqn.smm.cn/usercenter/gCNEi20251217171715.jpeg)
