Home / Metal News / Copper / Shanghai bonded copper stocks rose 1,000 mt on week
Shanghai bonded copper stocks rose 1,000 mt on week
Feb 18, 2021 13:45CST
Source:SMM
SMM data showed that the stocks rose 1,000 mt from the prior week to 345,300 mt as of Thursday February 18. The previous value was revised to 344,300 mt.

SHANGHAI, Feb 18 (SMM) — Stocks of copper in Shanghai bonded areas increased on larger arrivals.
 
SMM data showed that the stocks rose 1,000 mt from the prior week to 345,300 mt as of Thursday February 18. The previous value was revised to 344,300 mt.
 
The import window remained closed before the CNY holiday, and the demand for customs declaration was sluggish. Some overseas arrivals continued to flow into bonded warehouses, but the increment was limited. The main reason was that most warehouses stopped operation during the CNY holiday. After the warehouses resumed operations, there was still room for inventories in bonded areas to pick up in the near term.


Copper
Inventory data
Shanghai bonded area

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All