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Home / Metal News / The stock of copper in Shanghai bonded warehouse decreased by 8000 tons this week.

The stock of copper in Shanghai bonded warehouse decreased by 8000 tons this week.

Jun 24, 2020 12:06

Source:SMM

SMM6 March 24: according to SMM research, copper stocks in Shanghai Free Trade Zone decreased by 8000 tons to 209500 tons on Wednesday compared with last Friday, falling after four consecutive weeks of growth. Domestic copper supply is tight and consumption is OK, social inventory is still in a state of continuous decline, spot prices are high and difficult. From last week to the beginning of this week, price comparison opened to stimulate the increase in demand for imported copper, and the increase in customs declaration imports in the market led to another decline in stocks in the bonded area.

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