Copper Inventories in China Bonded Zones Plunged This Week

Published: Jul 14, 2023 15:57

Source: SMM

Save

As of July 14, copper inventories in the domestic bonded zones decreased 1,900 mt from July 7 to 59,300 mt, according to the latest SMM survey.

SHANGHAI, Jul 14 (SMM) – As of July 14, copper inventories in the domestic bonded zones decreased 1,900 mt from July 7 to 59,300 mt, according to the latest SMM survey.

Inventory in the Shanghai bonded zone dipped 1,900 mt to 50,300 mt, and inventory in the Guangdong bonded zone held flat. The recent deteriorating SHFE/LME copper price ratio has reduced shipments from bonded zone inventories, slowing inventory declines. As of this Friday, import losses against the SHFE front-month copper contract exceeded 800 yuan/mt.

Concentrated arriving shipments from deliveries to LME warehouses contributed little to bonded zone inventories. But the reopening of the export window, combined with the off-season in China, will drive stock accumulation in the bonded zones.

Inventory Market forecast Market review

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

7 hours ago

Macro Pressure Combined with Supply-Demand Divergence, BC Copper Fluctuated Intraday and Closed Down 2.35% [SMM BC Copper Commentary]

7 hours ago

Major Import and Export Countries for China’s Copper Foil

[Copper Foil Customs Data] According to data from the General Administration of Customs, the main countries and regions from which China imported copper foil in January and February 2026 were Taiwan, China, Malaysia, and Luxembourg, with imports of 8,347.43 mt, 2,009.42 mt, and 997.76 mt, respectively. In January and February 2026, the main countries and regions to which China exported copper foil were Thailand, South Korea, and Vietnam, with exports of 2,713.31 mt, 1,474.16 mt, and 792.21 mt, respectively.

7 hours ago

9 hours ago

Data: SHFE, DCE market movement (Mar 23)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 23 Mar , 2026

9 hours ago