Shanghai bonded copper stocks rose 11,700 mt on week

Published: May 28, 2021 15:34

Save

SMM data showed that the stocks rose 25,700 mt from the prior week to 429,500 mt as of Friday May 28.

SHANGHAI, May 28 (SMM) — Stocks of copper in Shanghai bonded areas increased on larger arrivals for the sixth consecutive week.

SMM data showed that the stocks rose 11,700 mt from the prior week to 415,500 mt as of Friday May 28.

The export of domestic smelters and the warehousing of arrival bills of lading mainly contributed to the increase. Domestic smelters continued to export refined copper to bonded warehouses as planned in the early stage, while bills of lading from overseas to ports were ignored due to large import loss. Yangshan copper premium kept dropping, and traders can only put them into storage.

Copper Inventory data Shanghai bonded area

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

Mar 13, 2026 18:46

[SMM Analysis] The "Counter-Cyclical" Logic of Copper Smelting: When Sulfuric Acid Becomes the Main Product

[SMM Analysis: The "Counter-Cyclical" Logic of Copper Smelting: When Sulfuric Acid Becomes the Main Product]

Mar 13, 2026 18:46

Mar 13, 2026 17:52

BC Copper 2604 Closed Lower with a Wide Trading Range, Pressured by Both Geopolitics and Interest Rate Cut Expectations [SMM BC Copper Commentary]

Mar 13, 2026 17:52

Mar 13, 2026 17:49

Inner Mongolia Approves 500 kV Project, Boosting Ordos City's Power Grid in 14th Five-Year Plan

Recently, the 500 kV transmission and transformation project of Jiri (Kusha II) was officially approved by the Energy Bureau of Inner Mongolia Autonomous Region, marking a good start for the power grid construction of Ordos City in the first year of the 14th Five-Year Plan. The project is located in the territory of Hangjin Banner, with a total investment of 1.52554 billion yuan. It is a key hub project to ensure the output and consumption of new energy power in the northwestern region of Hangjin Banner. The project plans to build one 500 kV substation and about 194 km of 500 k V lines, which will pass through Hangjin Banner and Dalad Banner.

Mar 13, 2026 17:49