China Copper Inventories Drop in Bonded Area in First Trading Week of 2017

Published: Jan 9, 2017 09:25

Save

China’s copper inventories in bonded area were 465,000 tonnes in the week ending Jan. 6, Shanghai Metals Market learns.

SHANGHAI, Jan. 6 (SMM) – China’s copper inventories in bonded area were 465,000 tonnes in the week ending Jan. 6, Shanghai Metals Market learns.

The inventories during the first trading week of 2017 were down from 470,000 tonnes seen in the last trading week of 2016.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

copper price copper inventory copper imports

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Weekend Destocking of Copper Inventories Continued in Major Regions Across China [SMM Weekly Data]

1 hour ago

Import Window Opened Intraday, Active Morning Inquiries Pushed Up Offers [SMM Yangshan Spot Copper]

1 hour ago

2 hours ago

Shanghai Spot Copper Under Pressure as Imports Rise and Demand Weakens

Tomorrow, Shanghai spot copper quotes against the 2604 contract, with a contango spread of 110-60 yuan/mt between 2604 and 2605. Supply side: strong selling willingness, wide import window boosting inflow expectations, pressuring premiums. Demand: copper prices back below 100,000 yuan/mt but downstream buying weak; intraday trading muted, end-users cautious. SMM social inventory at 547,300 mt, down 26,600 mt but still high. With strong import expectations, supply pressure persists. Overall, with contract rollover done and strong import expectations, Shanghai spot copper expected under pressure tomorrow, discounts may widen.

2 hours ago