SHFE Copper Stocks to Rebound in Q3 from Growing China Production, SMM Warns-Shanghai Metals Market

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

SMM Insight 02:45:28PM Jul 21, 2017 Source:SMM

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. 

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

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

SMM Insight 02:45:28PM Jul 21, 2017 Source:SMM

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. 

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