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Home / Metal News / Shanghai bonded copper stocks rose for 3rd week

Shanghai bonded copper stocks rose for 3rd week

Jun 12, 2020 15:43

Source:SMM

Stocks of copper in Shanghai bonded areas rose for a third straight week this week, as demand for imports weakened in a closed import arbitrage window.

SHANGHAI, Jun 12 (SMM) – Stocks of copper in Shanghai bonded areas rose for a third straight week this week, as demand for imports weakened in a closed import arbitrage window.

SMM data showed that the stocks increased 3,200 mt in the week ended June 12 to 216,200 mt, following a 1,000 mt rise in the prior week.

Spot copper premiums in China’s domestic market eased as consumption weakened, in part due to the switches to scrap on the back of deeper scrap discounts against cathode.

Inventory data

Copper

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Stocks of copper in Shanghai bonded areas increased slightly for two consecutive weeks on larger arrivals.

Jan 22, 2021 15:30

Analysis

Shanghai bonded copper stocks added 1,700 mt on week

SMM Morning Comments (Jan 22): Shanghai base metals performance mixed as traders monitored the beginning of Joe Biden’s presidency

Shanghai base metals traded mixed on Friday morning as traders monitored the European Central Bank's latest meeting and the beginning of Joe Biden's presidency. Meanwhile, their counterparts on the LME also set for a mixed start.

Jan 22, 2021 10:00

SMM Comments

SMM Morning Comments (Jan 22): Shanghai base metals performance mixed as traders monitored the beginning of Joe Biden’s presidency

SMM Evening Comments (Dec 25): Shanghai nonferrous metals rose across the board for the 2nd day

SHFE nonferrous metals closed higher across the board on Friday December 25.

Dec 25, 2020 18:00

SMM Comments

SMM Evening Comments (Dec 25): Shanghai nonferrous metals rose across the board for the 2nd day

SMM Morning Comments (Dec 21): Base metals on both SHFE and LME fell mostly on dollar bounce-back

Shanghai base metals and their counterparts on the LME cruised lower for the most part on Monday morning as the US dollar rebounded slightly.

Dec 21, 2020 10:05

SMM Comments

SMM Morning Comments (Dec 21): Base metals on both SHFE and LME fell mostly on dollar bounce-back

SMM Evening Comments (Nov 23): Shanghai nonferrous metals closed mostly higher, tin fell 0.01%

SHFE nonferrous metals rose for the most part on Monday November 23 as investors continued to watch for coronavirus developments.

Nov 23, 2020 17:30

SMM Comments

SMM Evening Comments (Nov 23): Shanghai nonferrous metals closed mostly higher, tin fell 0.01%

SMM Morning Comments (Nov 20): Shanghai base metals were mostly higher and the LME complex also rose for the most part

Nonferrous metals on the SHFE were mostly higher on Friday morning, and their counterparts on the LME also rose for the most part.

Nov 20, 2020 09:25

SMM Comments

SMM Morning Comments (Nov 20): Shanghai base metals were mostly higher and the LME complex also rose for the most part

SMM Evening Comments (Nov 16): Shanghai nonferrous metals rose broadly on the signing of RECP and positive Chinese economic data

SHFE nonferrous metals were mostly higher on Monday November 16 on the signing of the Regional Comprehensive Economic Partnership (RECP) over the weekend and upbeat Chinese economic data released today.

Nov 16, 2020 18:48

SMM Comments

SMM Evening Comments (Nov 16): Shanghai nonferrous metals rose broadly on the signing of RECP and positive Chinese economic data

SMM Morning Comments (Nov 12): Shanghai base metals performance mixed as the pandemic situation remains severe

Shanghai base metals traded mixed on Thursday morning following an overnight bounce for tech stocks on Wall Street as a recent rotation into cyclicals paused. Meanwhile, their counterparts on the LME also set for a mixed start.

Nov 12, 2020 09:28

SMM Comments

SMM Morning Comments (Nov 12): Shanghai base metals performance mixed as the pandemic situation remains severe

SMM Evening Comments (Nov 11): Shanghai nonferrous metals ended mostly lower, aluminium rose 1.57%

Shanghai base metals fell for the most part on Wednesday November 11. Copper slid 0.35%, zinc weakened 0.91%, nickel edged down 0.07% and tin fell 0.68%, while aluminium rose 1.57% and lead climbed 0.34%.

Nov 11, 2020 18:36

SMM Comments

SMM Evening Comments (Nov 11): Shanghai nonferrous metals ended mostly lower, aluminium rose 1.57%

SMM Morning Comments (Nov 11): Shanghai base metals performance mixed as coronavirus vaccine hopes buoy sentiment

Shanghai base metals traded mixed on Wednesday morning, as investor sentiment continued to be buoyed by a recent positive development on the coronavirus vaccine front. Meanwhile, their counterparts on the LME were mostly higher.

Nov 11, 2020 09:20

SMM Comments

SMM Morning Comments (Nov 11): Shanghai base metals performance mixed as coronavirus vaccine hopes buoy sentiment

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Shanghai bonded copper stocks rose for 3rd week

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo