Copper Inventories in Domestic Bonded Zone up 6,300 mt on Week

Published: Apr 29, 2022 16:57

Source: SMM

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According to SMM research, copper inventories in the domestic bonded zone increased 6,300 mt from April 22 to 328,700 mt on April 29.

SHANGHAI, Apr 29 (SMM) - According to SMM research, copper inventories in the domestic bonded zone increased 6,300 mt from April 22 to 328,700 mt on April 29. Inventory in the Shanghai bonded zone increased 6,000 mt to 289,300 mt, and inventory in the Guangdong bonded zone rose 300 mt to 39,400 mt. This week, the price ratio continued to improve WoW. However, due to the restrictions on documents and logistics, the actual flow of goods remained inefficient. Goods piled up at ports slowly flowed into the bonded warehouses, slightly pushing up the bonded zone inventory.

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