Shanghai bonded copper stocks added 9,000 mt from pre-holiday levels

Published: Oct 9, 2020 14:28

Save

Stocks of copper in Shanghai bonded areas increased during the National Day holidays. The closed import arbitrage window and continuous inflow of seaborne copper accounted for the increase in the bonded inventories. Stocks are expected to rise further after warehouses resume operations from the holidays.

SHANGHAI, October 9 (SMM) – Stocks of copper in Shanghai bonded areas increased during the National Day holidays. The closed import arbitrage window and continuous inflow of seaborne copper accounted for the increase in the bonded inventories. Stocks are expected to rise further after warehouses resume operations from the holidays.

SMM data showed that the stocks added 9,000 mt from September 30 to 309,000 mt as of Friday October 9.

Inventory data Shanghai bonded copper stocks

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

Macro Sentiment Wavered, BC Copper Closed Flat After Wide Intraday Swings [SMM BC Copper Commentary]

14 hours ago

15 hours ago

South Korea to Exempt Tariffs on Overseas-Sourced Critical Minerals

On the 25th, it was confirmed that the South Korean government will exempt tariffs of 3–8% on critical minerals such as lithium, graphite, and rare earth elements when domestically owned companies directly produce and import them from overseas. The Ministry of Trade, Industry and Energy has pre-announced a new regulation outlining tariff exemptions for overseas resource development projects. Under the policy, a total of 14 critical minerals—including lithium, graphite, nickel, cobalt, manganese, copper, zinc, and rare earth elements such as lanthanum, cerium, neodymium, terbium, dysprosium, yttrium, and scandium—will be eligible for duty exemption when brought into the country. The regulation is set to take effect on April 3.

15 hours ago

16 hours ago

Data: SHFE, DCE market movement (Mar 26)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 26 Mar , 2026

16 hours ago