SHANGHAI, May 13 (SMM) - According to SMM research, copper inventories in the domestic bonded zone dipped 2,100 mt from May 6 to 327,000 mt on May 13. Inventory in the Shanghai bonded zone dropped 2,800 mt to 290,000 mt, and inventory in the Guangdong bonded zone rose 700 mt to 37,000 mt. SMM expects the inventory will drop further due to the huge import profits. In addition, according to the SMM survey, the inventory that was previously piled up at ports due to the pandemic has been greatly decreased.

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