SMM7 March 24: according to SMM research, copper inventory in Shanghai Free Trade Zone increased by 5000 tons to 217500 tons on Friday, the third consecutive week of performance growth. The off-season effect appeared in July, the domestic copper elimination fee was weaker than the previous month, the inflow of imported copper and the squeeze of scrap copper occupied the refined copper, and the social inventory continued to increase. This week, import losses are gradually expanding, import demand is depressed, and the supply of goods is flowing into bonded warehouses one after another, so bonded inventory continues to grow.
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