Home / Metal News / Copper Inventory in China Bonded Zone Declined 3,900 mt on Week

Copper Inventory in China Bonded Zone Declined 3,900 mt on Week

iconOct 29, 2021 14:26
Source:SMM
The copper inventories in domestic bonded zones decreased 3,900 mt from October 22 to 233,300 mt as of October 29, falling for three consecutive weeks, according to SMM survey.

SHANGHAI, Oct 29 (SMM) – The copper inventories in domestic bonded zones decreased 3,900 mt from October 22 to 233,300 mt as of October 29, falling for three consecutive weeks, according to SMM survey.

The inventory in the Shanghai bonded zone decreased 3,400 mt to 209,800 mt, and the inventory in the Guangdong bonded zone fell 500 mt to 23,500 mt.

During the week, the spot premiums in Shanghai remained high. Some traders continued to move the bonded zone inventories into the domestic market. This, combined with the stable shipments, drove continued declines and the bonded zone inventories.

Copper inventory
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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