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Home / Metal News / Growing Copper Supply in Guangdong Reverse Premiums into Discounts, SMM Reports

Growing Copper Supply in Guangdong Reverse Premiums into Discounts, SMM Reports

Aug 30, 2017 17:10

Source:SMM

Growing copper supply in Guangdong reversed local spot premiums into discounts.

SHANGHAI, Aug. 30 (SMM) –Growing copper supply in Guangdong reversed local spot premiums into discounts.

LME Copper Stocks Record Biggest Fall in Over Decade

As of August 30, copper stocks in Guangdong totaled 28,700 tonnes, up some 10,000 tonnes from August 25.

Copper Stocks Grow in Shanghai Bonded Zone, SMM Says

One smelter resumed shipments. Moreover, one large copper processor entered maintenance, hurting demand. These pushed stocks up, SMM explained.

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

guangdong copper stocks

copper prices

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

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Growing Copper Supply in Guangdong Reverse Premiums into Discounts, SMM Reports

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