National Copper Inventories Decline as Shanghai and Guangdong See Lower Arrivals, Improved Consumption

Published: Jun 11, 2026 16:19

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【SMM Copper Inventory Flash】National copper cathode inventories declined MoM. In Shanghai and Guangdong, lower arrivals combined with improved downstream consumption following a pullback in copper prices led to destocking. In Jiangsu, on the other hand, arrivals remained normal while consumption remained weak, resulting in some inventory buildup.

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