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Home / Metal News / Import losses, export profits grow copper stocks in Shanghai bonded area

Import losses, export profits grow copper stocks in Shanghai bonded area

Mar 8, 2019 16:20

Source:SMM

Stocks came in at 530,000 mt as of Mar 8, up 25,000 mt from Mar 1 and 88,800 mt from Feb 1

SHANGHAI, Mar 8 (SMM) –Shanghai-bonded copper stocks extended their gains this week as significant import losses limited outflows and as export arbitrage opportunities bolstered inflows.

SMM data showed that copper stocks across Shanghai bonded areas came in at 530,000 mt as of Friday March 8, up 25,000 mt from last Friday and 88,800 mt from the last Friday before the Lunar New Year holiday.

Inventory data

Copper

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This week, the SMM survey covered the production and sales conditions of major domestic medium and large copper rod makers. The overall operating rate was 80.92%, up 6.03 percentage points MoM, exceeding the expected value by 1.11 percentage points, and up 11.59 percentage points YoY. (Surveyed enterprises: 21, capacity: 7.83 million mt). The specific situation is as follows...

Aug 16, 2024 13:22

Analysis SMM Comments Industry

Operating Rate Exceeds Expectations Under Copper Cathode-Scrap Substitution, Copper Cathode Rod Breaks Transportation Radius?

Zinc social inventories shrank 12,100 mt on week

SMM data showed that social inventories of refined zinc ingots across Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Shandong and Hebei decreased 12,100 mt in the week ended June 25 to 116,500 mt. The stocks fell 6,400 mt from Monday June 21.

Jun 25, 2021 14:44

Analysis

Zinc social inventories shrank 12,100 mt on week

SMM Evening Comments (Jun 23): Shanghai nonferrous metals closed mostly higher ahead of PMI data

SHFE nonferrous metals broadly rose for the most part on Wednesday June 23 with investors awaiting key Purchasing Managers' Indexes from the euro zone.

Jun 23, 2021 18:00

SMM Comments

SMM Evening Comments (Jun 23): Shanghai nonferrous metals closed mostly higher ahead of PMI data

SMM Evening Comments (Jun 22): Shanghai nonferrous metals rose across the board, nickel advanced 3.58%

SHFE nonferrous metals broadly closed higher across the board on Tuesday June 22, triggered by the Fed's updated inflation projections and a shortening of its interest rate hike schedule.

Jun 22, 2021 18:00

SMM Comments

SMM Evening Comments (Jun 22): Shanghai nonferrous metals rose across the board, nickel advanced 3.58%

SMM Evening Comments (Jun 21): Shanghai nonferrous metals declined for the most part, lead climbed 1.95%

SHFE nonferrous metals broadly fell on Monday June 21, following jitters in global markets over the more hawkish tone from the US Federal Reserve last week.

Jun 21, 2021 18:00

SMM Comments

SMM Evening Comments (Jun 21): Shanghai nonferrous metals declined for the most part, lead climbed 1.95%

SMM Morning Comments (Jun 21): Base metals closed mixed amid rising inflation and US dollar

LME base metals closed mixed in the overnight trading last Friday, as the expanding inflation and rising US dollar weighed on the market, but short supply still supported the prices. SHFE metals basically went down.

Jun 21, 2021 10:00

SMM Comments

SMM Morning Comments (Jun 21): Base metals closed mixed amid rising inflation and US dollar

SMM Morning Comments (Jun 18): Base metals all dropped after Fed implied to increase interest rates earlier

LME and SHFE non ferrous metals all declined in yesterday’s overnight trading as Fed officials implied to raise interest rates in advance and increased the excess reserve ratio.

Jun 18, 2021 09:44

SMM Comments

SMM Morning Comments (Jun 18): Base metals all dropped after Fed implied to increase interest rates earlier

SMM Morning Comments (Jun 16): LME metals all fell amid higher US dollar index

LME base metals all fell in the overnight trading yesterday, as US dollar index went up slightly, and the plummeting US May retail sales brought negative sentiments to the market. Meanwhile, SHFE metals closed mixed amid the policy control.

Jun 16, 2021 09:40

SMM Comments

SMM Morning Comments (Jun 16): LME metals all fell amid higher US dollar index

Zinc social inventories inch up over weekend

Stocks rose 1,600 mt from Aug 2 to stand at 146,000 mt as of Aug 5

Aug 5, 2019 14:35

Analysis

Zinc social inventories inch up over weekend

Growth in social inventories of rebar slows on week

Production cuts at EAF mills to ease rebar supply pressure in the weeks ahead

Aug 2, 2019 10:39

Analysis Industry SMM Insight

Growth in social inventories of rebar slows on week

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Import losses, export profits grow copper stocks in Shanghai bonded area

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