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The stock of copper in Shanghai bonded warehouse decreased by 25000 tons this week.
May 22,2020 13:06CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

[SMM data] SMM market inventory in mainstream copper regions across the country fell by 17600 tons month-on-month this week. Guangdong inventory remained unchanged.

SMM5 March 22: according to SMM research, copper inventory in Shanghai Free Trade Zone decreased by 25000 tons to 210000 tons on Friday compared with last week. Inventory performance declined for nine consecutive weeks, with a cumulative decrease of 130000 tons. In the past month, the copper import window continued to open, high import profits prompted traders to declare a large number of imports, and inventories in the bonded area continued to decline rapidly. Domestic consumption is weakening, the import window has been closed this week, and bonded destocking is expected to continue for about two weeks, when inventories are expected to stop falling and pick up.

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