SMM5, March 8: according to SMM research, copper stocks in the Shanghai bonded area on Friday (May 8) fell by 14500 tons to 265000 tons compared with last week (April 30), and inventories fell for the seventh consecutive week. Driven by the country's infrastructure projects, domestic consumption continued to improve, and the copper rod operating rate was close to an all-time high in April. Foreign trade market import window continued to open this week, Yangshan copper premium rose sharply, market customs imports increased, further driving down the bonded area inventory.
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