Copper Inventory in China Bonded Zone Up 13,300 mt on Week

Published: Jan 14, 2022 17:28

Save

The copper inventories in the domestic bonded zones increased 13,300 mt from January 7 to 216,900 mt as of Friday January 14. The inventory rose for three straight weeks.

SHANGHAI, Jan 14 – The copper inventories in the domestic bonded zones increased 13,300 mt from January 7 to 216,900 mt as of Friday January 14. The inventory rose for three straight weeks.

The inventory in Shanghai bonded zone rose 10,500 mt on the week to 188,000 mt, while that in Guangdong bonded zone added 2,800 mt to 28,800 mt. The import and export windows both closed this week, hence the customs clearance was quiet. The Yangshan Copper premiums kept dropping in the past week, and some goods that arrived at the ports were stored into the bonded zone, pushing up the total inventory.

copper inventory

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

12 hours ago

[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]

12 hours ago

13 hours ago

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

13 hours ago

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.

13 hours ago