SMM Copper Inventories in China Drop for Eighth Straight Week, Despite Slowing Pace

Published: Aug 29, 2024 11:27

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[SMM Weekly Data on Copper Inventories in Major Regions] As of Thursday, August 29, SMM copper inventories in major regions across China fell by 4,300 tonnes week-on-week to 279,100 tonnes compared to Monday, and decreased by 4,400 tonnes from last Thursday, marking the eighth consecutive weekly decline in inventories, albeit at a slower pace. In contrast to the change in Monday's inventory, there were mixed trends in inventory levels across the country, with only Guangdong experiencing a slight increase, while all other regions witnessed declines. Total inventory was 190,500 tonnes higher than the 88,600 tonnes recorded during the same period last year. Specifically...

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