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.
The above representation and data is based on market information SMM believes to be reliable at the time of acquiring as well as the comprehensive assessment by SMM research team, and any and all information provided in this article is for reference only. This article does not constitute a direct recommendation for investment or any decisions in any form and clients shall act on their own discreet and any decisions made by clients are not within the responsibility of SMM.