Shanghai-bonded copper stocks extended decline by 13,300 mt on week

Published: Oct 18, 2019 15:12
Stocks fell 13,300 mt from a week ago to 256,000 mt as of Oct 18

SHANGHAI, Oct 18 (SMM) – Copper stocks across Shanghai bonded areas this week continued their decline that began since May, according an SMM survey.

Stocks fell 13,300 mt from a week ago to 256,000 mt as of October 18, down 332,000 mt from April 26.

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
Copper Billet Operating Rates Slumped Sharply in February Due to the Chinese New Year Holiday
22 mins ago
Copper Billet Operating Rates Slumped Sharply in February Due to the Chinese New Year Holiday
Read More
Copper Billet Operating Rates Slumped Sharply in February Due to the Chinese New Year Holiday
Copper Billet Operating Rates Slumped Sharply in February Due to the Chinese New Year Holiday
[SMM Brass Billet Flash] SMM data showed that the overall operating rate of copper billet enterprises in February was 22.78%, down 22.08 percentage points MoM and down 17.64 percentage points YoY. The operating rate of large enterprises in February was 24.11%, medium-sized enterprises 23.32%, and the operating rate of small enterprises was only 13.34%.
22 mins ago
SMM: Domestic Wire and Cable Production to Surge 13.83% in March Amid Post-Festival Recovery
1 hour ago
SMM: Domestic Wire and Cable Production to Surge 13.83% in March Amid Post-Festival Recovery
Read More
SMM: Domestic Wire and Cable Production to Surge 13.83% in March Amid Post-Festival Recovery
SMM: Domestic Wire and Cable Production to Surge 13.83% in March Amid Post-Festival Recovery
[SMM Copper Flash] SMM expects that in March, the operating rate of domestic wire and cable enterprises is expected to increase 13.83 percentage points MoM to 69.44%. This is mainly because after the Lantern Festival, end-use industries have gradually resumed production, and orders are expected to be further released, supporting enterprises’ production schedules. In addition, after excluding holiday impacts, wire and cable enterprises are expected to gradually return to a normal production pace in March.
1 hour ago
Domestic Wire and Cable Firms See Raw Material Inventory Days Rise in February Amid Post-Holiday Resumption
1 hour ago
Domestic Wire and Cable Firms See Raw Material Inventory Days Rise in February Amid Post-Holiday Resumption
Read More
Domestic Wire and Cable Firms See Raw Material Inventory Days Rise in February Amid Post-Holiday Resumption
Domestic Wire and Cable Firms See Raw Material Inventory Days Rise in February Amid Post-Holiday Resumption
[SMM Copper Flash] Regarding the inventory performance of domestic wire and cable enterprises in February, days of raw material inventories increased 1.11 days MoM, mainly because as enterprises advanced their work resumption and production resumptions, they gradually began purchasing raw materials for subsequent production. Days of raw material inventories increased 0.46 days MoM, mainly because end-users were on holiday during the Chinese New Year, and pick up goods was relatively slow.
1 hour ago
Shanghai-bonded copper stocks extended decline by 13,300 mt on week - Shanghai Metals Market (SMM)