SMM7 March 17: as of Friday, according to SMM research, the national mainstream copper market inventory this week totaled 240200 tons, an increase of 39600 tons month-on-month. Among them, copper stocks in Shanghai increased by 20500 tons to 177000 tons from the previous month; copper inventories in Jiangsu increased by 9700 tons to 35700 tons compared with the previous month; and copper inventories in Guangdong increased by 9400 tons to 27500 tons. The main reason is that the price of copper is too high, the downstream is afraid of heights, and the output of the warehouse is reduced.
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