Copper stocks in Shanghai bonded Depot fell by 10200 tons this week

SMM4, April 24: according to SMM research, this Friday (April 24) Shanghai bonded area copper stocks fell by 10200 tons to 305800 tons compared with last week (April 17), inventories fell for five consecutive weeks. The import bill of lading is tight, the domestic copper consumption can still replace the scrap copper effect, the domestic continues to go to the warehouse, the import profit window continues to open, the foreign trade demand is good. In the week, the copper premium in Yangshan continued to rise, and the import of customs declaration in the market increased, which led to the continuous decline in the inventory of the bonded area.

"[SMM data] stocks in the mainstream copper market in SMM fell this week for the fifth consecutive week compared with the previous month, down 47900 tons.

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