The raw material inventory/output ratio of copper cathode rod enterprises stood at 6.41% in May, down 0.44 percentage point on the month.
The producers actively scheduled production in May. However, the high premiums in the spot market at the end of the month and the decline in new orders kept copper rod enterprises more cautious in stockpiling raw materials.
![Imported supply replenishment combined with widening backwardation, Shanghai spot copper premiums retreat after rapid rise [SMM Shanghai Spot Copper Weekly Review]](https://imgqn.smm.cn/usercenter/KTLHT20251217171714.jpeg)

![สต็อกทองแดงในสังคมลดลงเหลือ 88,900 ตัน กวางตุ้งแตะระดับต่ำสุดใหม่ของปี [ข้อมูลรายสัปดาห์จาก SMM]](https://imgqn.smm.cn/usercenter/gCNEi20251217171715.jpeg)
