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Home / Metal News / Copper inventory in Shanghai bonded warehouse increased by 1500 tons this week.

Copper inventory in Shanghai bonded warehouse increased by 1500 tons this week.

Jul 10, 2020 13:02

Source:SMM

SMM7 March 10: according to SMM research, copper stocks in Shanghai Free Trade Zone increased by 1500 tons to 210000 tons on Friday compared with last Friday, and stocks rebounded. Copper futures prices continue to rise to suppress domestic consumption, at the same time, the price gap of refined copper has expanded to more than 2200 yuan / ton, scrap copper squeeze refined copper consumption effect is obvious. This week's price comparison also does not give the import opportunity, the import copper demand is weak, therefore this week the bonded warehouse inventory stops to fall and has the slight growth.

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