China copper inventory shrank for the 12th week but stocks in Shanghai rallied 

Publicado: Jun 5, 2020 13:42
Copper inventories in three major consumption areas in China extended their slide this week, falling for the 12th consecutive week as of June 5, but the overall decline narrowed from a week ago and stocks in Shanghai rebounded amid slower consumption.

SHANGHAI, Jun 5 (SMM) – Copper inventories in three major consumption areas in China extended their slide this week, falling for the 12th consecutive week as of June 5, but the overall decline narrowed from a week ago and stocks in Shanghai rebounded amid slower consumption. 


SMM data showed that inventories of copper cathode across Shanghai, Guangdong and Jiangsu, including those in SHFE-approved warehouses, decreased 2,800 mt from a week ago to 202,200 mt as of Friday June 5. The stocks dipped 32,500 mt in the previous week.


Guangdong and Jiangsu accounted for the overall decline this week, falling 200 mt and 4,600 mt, respectively, week on week to 22,200 mt and 23,000 mt. 


Inventories in Shanghai added 2,000 mt from a week ago to 157,000 mt as of June 5, following a drop of 27,000 mt in the previous week. 

 

Declaração sobre a Fonte de Dados: Com exceção das informações publicamente disponíveis, todos os demais dados são processados pela SMM com base em informações publicamente disponíveis, comunicação de mercado e com base no modelo de base de dados interna da SMM. São apenas para referência e não constituem recomendações para a tomada de decisão.

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China copper inventory shrank for the 12th week but stocks in Shanghai rallied  - Shanghai Metals Market (SMM)