SHFE Copper Stocks to Rebound in Q3 from Growing China Production, SMM Warns

Published: Jul 21, 2017 14:45 (GMT+8)

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SHFE copper stocks fell 30,000 tonnes in June, but have big potential to rebound in Q3, SMM predicts.

SHANGHAI, Jul. 21 (SMM) –SHFE copper stocks fell 30,000 tonnes in June, but have big potential to rebound in Q3, SMM predicts.

LME Copper Still Has Potential to Shine, SMM Says

SMM attributes the decline in June to previous maintenance at smelters and lower inflows of imported copper.

Blister Copper Shortage Affects Copper Output at China Ten Major Smelters, SMM Reports

However, Chinese smelters will put new capacity on stream and step up production in H2 2017 to compensate for lost production from facility maintenance. This will allow SHFE copper stocks to rebound, SMM explained.

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SHFE copper stocks china copper output

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