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Home / Metal News / Shanghai bonded copper stocks jumped 20,500 mt in the pre-CNY week

Shanghai bonded copper stocks jumped 20,500 mt in the pre-CNY week

Jan 23, 2020 13:55

Source:SMM

The upcoming Chinese New Year holiday and closed import arbitrage window muted trades

SHANGHAI, Jan 23 (SMM) – Copper stocks across Shanghai bonded areas jumped this week, as the upcoming Chinese New Year holiday and closed import arbitrage window muted trades and as shipments under bill of lading arrived.

SMM data showed that the stocks increased 20,500 mt from last Friday January 17 to 292,500 mt as of Thursday January 23.

The stocks have risen for six consecutive weeks, with the past three weeks seeing substantial gains of a cumulative volume of 44,500 mt.

Inventory data

Copper

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Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin expanded 13,600 mt from last Friday July 23 to 172,600 mt as of July 30. This was up 6,500 mt from Monday July 26 and registered a new high since October 2014.

Jul 30, 2021 16:02

Analysis

Lead Ingot Social Inventories Expanded 13,600 mt on Week

China Steel Rebar Inventory Down 22,700 mt on Week

Inventories of rebar across Chinese steelmakers and social warehouses stood at 11.35 million mt as of July 29, down 22,700 mt or 0.20% from a week ago. Stocks are up 1.82% from a year earlier.

Jul 30, 2021 11:05

Analysis

China Steel Rebar Inventory Down 22,700 mt on Week

Lead Ingot Social Inventories Expanded 7,100 mt over Weekend

Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin expanded 7,100 mt from last Friday July 23 to 166,100 mt as of July 26. This was up 7,000 mt from Monday July 19 and registered a new high since October 2014.

Jul 26, 2021 14:46

Analysis

Lead Ingot Social Inventories Expanded 7,100 mt over Weekend

China weekly inventory summary and data wrap (Jul 23)

This is a roundup of China's metals weekly inventory as of July 23.

Jul 23, 2021 20:00

Analysis

China weekly inventory summary and data wrap (Jul 23)

SMM Morning Comments (Jul 23): Shanghai base metals were mostly higher on dovish ECB comments

Shanghai base metals mostly cruised higher on Friday morning amid dovish comments from European Central Bank. Meanwhile, their counterparts on the LME traded mixed.

Jul 23, 2021 10:00

SMM Comments

SMM Morning Comments (Jul 23): Shanghai base metals were mostly higher on dovish ECB comments

Aluminium billet inventories fell 1,200 mt on week

SMM data showed that aluminium billet stocks across the five major consumption areas — Foshan, Wuxi, Huzhou, Changzhou and Nanchang — in China decreased 0.9% or 1,200 mt from a week ago to 119,600 mt as of Thursday July 22.

Jul 22, 2021 16:41

Analysis

Aluminium billet inventories fell 1,200 mt on week

SMM Evening Comments (Jul 19): Shanghai nonferrous metals ended mixed as investors monitored virus and digested OPEC deal

SHFE nonferrous metals closed mixed on Monday July 19 as markets digested the latest OPEC + announcement regarding oil production, and continued to brood on inflation and rising Covid-19 cases.

Jul 19, 2021 18:00

SMM Comments

SMM Evening Comments (Jul 19): Shanghai nonferrous metals ended mixed as investors monitored virus and digested OPEC deal

NDRC: To further release copper, aluminium, and zinc reserves, strictly penalise price bidding

NDRC will continue to follow the deployment of the executive meeting of the State Council, work with relevant departments to strengthen the monitoring and forecast of commodity prices, organise subsequent release of copper, aluminium, zinc and other national reserves, and pay close attention to abnormal market price fluctuations.

Jul 19, 2021 16:36

Industry

NDRC: To further release copper, aluminium, and zinc reserves, strictly penalise price bidding

Shanghai bonded copper stocks fell 4,300 mt on week

SMM data showed that the stocks fell 4,300 mt from the prior week to 435,500 mt as of Friday July 16.

Jul 16, 2021 13:24

Analysis

Shanghai bonded copper stocks fell 4,300 mt on week

SMM Morning Comments (Jul 16): Shanghai base metals rose across the board as jobless claims data helped

Shanghai base metals all cruised higher on Friday morning after the head of the Federal Reserve told Congress he saw no need to rush the shift towards tighter post-pandemic monetary policy. Meanwhile, their counterparts on the LME mostly cruised lower.

Jul 16, 2021 10:00

SMM Comments

SMM Morning Comments (Jul 16): Shanghai base metals rose across the board as jobless claims data helped

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Shanghai bonded copper stocks jumped 20,500 mt in the pre-CNY week

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