SHANGHAI, Aug 2 (SMM) – Copper stocks across Shanghai bonded areas this week extended their slide that began since May, showed an SMM survey.
Stocks shrank 14,000 mt from a week ago and 204,500 mt from April 26, to stand at 383,500 mt as of Friday August 2.

![Improved Trading on Peak Season Expectations, Low Inventory Keeps Copper Scrap Coefficients High [SMM Weekly Review of Copper Scrap Outside China]](https://imgqn.smm.cn/usercenter/TlzAr20251217171709.jpg)
![LME backwardation structure narrows, buyers and sellers continue to tug-of-war, market remains sluggish [SMM Yangshan spot copper]](https://imgqn.smm.cn/usercenter/kvwSZ20251217171710.jpg)
