Shanghai-bonded copper stocks fall at slowest rate in seven weeks

Published: Sep 28, 2018 16:33

Save

Copper stocks across Shanghai bonded areas shrank 2,000 mt from a week ago to 394,000 mt as of Sep 28

SHANGHAI, Sep 28 (SMM) – Copper stocks across Shanghai bonded areas shrank 2,000 mt from a week ago to stand at 394,000 mt as of Friday September 28, SMM data showed.

This marked the seventh consecutive week of decline, but at the smallest rate, with import arbitrage window closed this week. SMM expects to see limited downward room in the stocks next week.

Inventory data 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 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

2 hours ago

Shaanxi-Henan UHV DC Project, Final in "Three Exchanges Nine Direct," to Be Completed by 2028

On March 31, the National Grid announced that the Shaanxi-Henan ± 800 kV UHV DC project, the final project of the "three exchanges and nine direct" projects in the National "14th Five-Year" plan, with a total investment of 19 billion yuan.It starts in Yulin, Shaanxi, and ends in Kaifeng, Henan, passing through Shaanxi, Shanxi, and Henan provinces. The total length of the line is 728 kilometers, the transmission capacity is 8 million kilowatts, and it is planned to be completed and put into operation in 2028.

2 hours ago

National Grid's Panxi UHV AC Project, a $23.2B Investment, to Span 994km and Complete by 2028

On March 31, the National Grid announced that the Panxi UHV AC project, the first UHV AC project to start construction during the "14th Five-Year Plan" of the National Grid, has a total investment of about 23.2 billion yuan. The project will pass through 12 counties (districts) in Liangshan, Yibin, and Leshan, build two 1000 kV substations in Panxi and Chuannan, and expand Tianfu South Station. The total length of the line is 994 kilometers, and it is expected to be completed and put into operation in 2028.

2 hours ago

21 hours ago

"Fluctuating Copper Prices and Tight Supply Squeeze Secondary Copper Industry, Pressuring Upstream and Downstream"

This week, against the backdrop of fluctuating upward copper prices, the secondary copper industry chain showed a complex situation in which extremely tight upstream raw material supply coexisted with persistent negative margins for downstream finished products. In the secondary copper rod market, SMM data showed that the operating rate fell further to 5.45% this week, down 0.38 percentage points MoM and 25.43 percentage points YoY

21 hours ago