China copper inventory surged 37,300 mt, the 1st weekly increase since late March

Published: Jul 3, 2020 13:39

Save

Copper inventories in three major consumption areas in China rose sharply this week, as high prices subdued demand while inflows of imported cargoes increased.

SHANGHAI, Jul 3 (SMM) – Copper inventories in three major consumption areas in China rose sharply this week, as high prices subdued demand while inflows of imported cargoes increased.

SMM data showed that inventories of copper cathode across Shanghai, Guangdong and Jiangsu, including those in SHFE-approved warehouses, increased 37,300 mt from last Wednesday June 24 to 199,300 mt as of Friday July 3. This marked the first weekly increase since March 20.

Inventory data Copper

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 hours ago

Zambia Suspends Mopani Copper Mine Operations Over Safety Concerns

Zambia’s mining regulator said it had suspended operations at Mopani Copper Mines’ Mufulira mine after it failed to account for all its underground stuff.

14 hours ago

[SMM Analysis] China Accelerates the Construction of a Peripheral Copper Resource Supply Belt

[SMM Analysis: Key Anchor in Great Power Rivalry: The U.S. "Project Vault" and the Changing Resource Landscape in Latin America] Amid the current accelerated reshaping of the global resource competition landscape, China's copper concentrate import pattern is undergoing a profound structural transformation. The latest trade data from 2025 clearly outlines this trend: China is significantly enhancing its capacity to acquire copper concentrate resources from neighboring countries.

14 hours ago

16 hours ago

SMM Chinese New Year Holiday Price Update Notice

As the Chinese New Year holiday is around the corner, Shanghai Metals Market (SMM) hereby informs you of our metal price update arrangement during the holiday period to ensure you can make proper arrangements for your work and business.

16 hours ago