Copper Inventories in China Bonded Area Hold Stable

As of Monday March 21, SMM copper inventory across major Chinese markets decreased 9,900 mt from last Friday to 162,600 mt.

As of Friday December 10, the copper inventory across major Chinese markets dipped 1,100 mt from Monday to 90,100 mt.

As of Monday December 6, the copper inventory across major Chinese markets increased 8,500 mt from last Friday to 91,200 mt. The inventory increase over the weekend was mainly in Shanghai and Guangdong. And the inventory in Jiangsu, Chongqing and Tianjin grew slightly. The inventory in other regions changed little.

As of Monday November 8, the copper inventory across major Chinese markets fell 800 mt from last Friday to 95,200 mt.The copper inventories fell on Monday after four consecutive weeks of gains.

SHANGHAI, Oct 8 (SMM) - As of October 8, the copper inventory across China’s major trading markets increased by 20,900 mt from September 30 to 111,000 mt.

As of Thursday September 30, the copper inventory in the mainstream Chinese market dipped by 21,000 mt from Monday to 90,100 mt, continuing to set a new low for the year.

As of Friday September 17, copper inventory across major Chinese markets plunged 11,200 mt from Monday to 112,000 mt, the lowest for the year, according to SMM data.

SMM survey shows China’s copper cathode output was 633,000 tonnes in July, down 3.21 per cent on a monthly basis, and off 4.67 per cent on a yearly basis.

Rodrigo Valdes, Chile’s Finance Minister, said the Ministry raised the average copper price forecast from $2.20 to $2.50 per pound.

China Minmetals Corporation will expand production capacity of base metals, with copper and zinc as priority choice, said He Wenbo, Chairman of the company at the NPC&CPPCC sessions.