Copper Inventory Grow Further in Shanghai Bonded Zone, SMM Reports

Published: Sep 15, 2017 18:45

Save

Copper inventory in Shanghai bonded zone grew slightly as of September 15 from the previous week, SMM reported.

SHANGHAI, Sept. 15 (SMM) – Copper inventory in Shanghai bonded zone grew slightly as of September 15 from the previous week, SMM reported.

Morgan Stanley: Fundamentals Not Good Enough to Keep Copper Price above $6,600

Shanghai bonded zone inventory was 533,000 tonnes as of September 15, compared to 528,000 tonnes a week earlier.

Here’s Why Copper Spot Premiums Rise to Almost 5-Month High, SMM Reports

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

Copper inventory Shanghai bonded zone copper

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 for 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

5 mins ago

China's sulphuric acid weekly decline narrowed significantly, with Shanxi falling by a further 330 yuan/mt [SMM Sulphuric Acid Weekly Review]

China's sulphuric acid weekly decline narrowed significantly, with Shanxi falling by 330 yuan/mt [SMM Sulphuric Acid Weekly Review]

5 mins ago

34 mins ago

Copper brass bar operating rate is expected to continue rising next week

[SMM Brass Bar Flash] Looking ahead to next week (9.18-9.24), with the dual-holiday period approaching, pre-holiday stockpiling demand still has room to be released, and coupled with sustained production enthusiasm among enterprises, SMM expects the operating rate of copper rod enterprises to continue rising by 1.03 percentage points to 49.77%.

34 mins ago

36 mins ago

Secondary brass raw materials tight, brass Bar enterprises' raw material inventories low

[SMM Brass Bar Flash] According to SMM, on the raw material side, the supply of secondary brass remains tight, raw material prices stay high, and enterprises continue to face thin processing margins. This week, days of raw material inventories at sampled brass rod enterprises stood at 3.56 days, still at a low level, with enterprises mainly purchasing as needed.

36 mins ago