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[SMM bonded warehouse inventory] the copper inventory in Shanghai bonded warehouse decreased by 2000 tons this week.
Jul 31,2020 13:12CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 31: according to SMM research, copper inventory in Shanghai Free Trade Zone decreased by 2000 tons to 215500 tons month-on-month compared with last Friday. Inventory declined slightly after three consecutive weeks of accumulation, mainly due to a relative decrease in inventory volume. Domestic consumption has weakened and import windows have been closed for a long time, and traders have chosen to move recent goods arriving in Hong Kong into bonded warehouses, but due to the problem of delayed shipping, some of the goods originally scheduled to arrive in Hong Kong this week have been postponed to next week, when inventory is expected to continue to increase.

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