Shanghai-bonded copper stocks rose for 1st time in more than 6 months

Published: Nov 15, 2019 16:37

Save

Stocks rose 1,000 mt from a week ago to 238,000 mt as of Nov 15

SHANGHAI, Nov 15 (SMM) – Copper stocks across Shanghai bonded areas rebounded this week, rising 1,000 mt from a week ago to 238,000 mt as of November 15, after declining for 26 consecutive weeks since May.

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

Data: SHFE, DCE market movement (May 25)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 25 May , 2026

2 hours ago

"Tight Supply and High Prices" of Raw Materials, Operating Rates of Brass Billet Producers Persistently Low

The brass billet industry continued to be in the doldrums under the triple pressures of the traditional off-season, high raw material costs, and weak demand. According to SMM data, the brass billet industry operating rate registered 52.14% this week (5.15-5.21), down 0.2 percentage points WoW, extending the low-level trend since late April.

2 hours ago

3 hours ago

High Prices Continue to Suppress Consumption, Shanghai Spot Copper Premiums Widen Further [SMM Shanghai Spot Copper]

[SMM Shanghai Spot Copper] Looking ahead to tomorrow, copper prices edged up during the day, market trading cooled notably, downstream enterprises mainly made just-in-time procurement, and demand was unlikely to see significant increases. The inter-month Contango price spread between futures contracts widened slightly, and suppliers showed some willingness to hold prices firm. In addition, according to SMM, available spot copper in Jiangsu was relatively tight, with some downstream enterprises reporting difficulty in finding low-priced supplies. Overall, amid high copper prices suppressing demand and the slightly widening Contango price spread between futures contracts, Shanghai spot copper is expected to maintain a discount against the 2606 contract tomorrow, potentially widening slightly.

3 hours ago