SMM App
AndroidiOS
Holiday Pricing ScheduleFREE TRIALCompliance Centre
gloablLanguage:  language-iconlanguage-iconlanguage-iconlanguage-iconlanguage-icon
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceFinished SteelCokeCoalPig IronSilicon Steel
New Energy
New Energy
SolarLithiumCobaltLithium Battery Cathode Precursor and MaterialAnode MaterialsArtificial GraphiteDiaphragmElectrolyteOther MaterialsChemical CompoundLithium-ion BatteryUsed Lithium-ion BatterySodium-ion BatteryHydrogen EnergyEnergy Storage
Price CenterDatabaseProReportsEventsCar Insight
Home / Metal News / The weekend before the Chinese New Year saw an increase of 38,600 mt in copper inventories across major regions nationwide [SMM Weekly Data].

The weekend before the Chinese New Year saw an increase of 38,600 mt in copper inventories across major regions nationwide [SMM Weekly Data].

iconJan 27, 2025 11:53
Source:SMM
[SMM Weekly Data on Copper Inventories in Major Regions] As of Monday, January 27, copper inventories in major regions across China tracked by SMM increased by 38,600 mt from last Thursday to 165,800 mt. Total inventories were 73,800 mt higher YoY compared to 92,000 mt in the same period last year, with Shanghai 41,200 mt higher YoY, Guangdong 10,700 mt higher YoY, and Jiangsu 17,300 mt higher YoY.
SMM, January 27: As of Monday, January 27, copper inventories in major regions across China tracked by SMM increased by 38,600 mt WoW to 165,800 mt. Total inventory was 73,800 mt higher YoY compared to 92,000 mt in the same period last year. Among them, Shanghai's inventory was 41,200 mt higher YoY, Guangdong's inventory was 10,700 mt higher, and Jiangsu's inventory was 17,300 mt higher. 》Click to Apply for Access to the SMM Metal Industry Chain Database                  Specifically, Shanghai's inventory increased by 19,500 mt WoW to 104,400 mt, Jiangsu's inventory increased by 9,800 mt WoW to 24,900 mt, and Guangdong's inventory increased by 6,900 mt WoW to 25,500 mt. With the strong pre-holiday atmosphere, downstream enterprises were mostly on holiday, resulting in muted demand, as reflected in the continuous decline in Guangdong's daily outflows from warehouses.      Looking ahead, with the Chinese New Year holiday approaching, only a few enterprises remain operational. According to our survey, the weekly operating rate of copper cathode rod production is expected to drop to 19.61% this week, down by 35.56 percentage points WoW, and is expected to decline further next week. Facing weak demand, suppliers have no choice but to send goods to warehouses. Therefore, we believe this week will see a scenario of increasing supply and decreasing demand, with weekly inventories likely to continue rising.

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All
MOST POPULAR
1.NEV Magnet Wire Industry Opportunity Discovery
2.Copper Substitution Market Study-Consumer Durables
3.Copper Substitution Market Study-Construction
4.Copper Substitution Market Study-Power Distribution
5.Copper Substitution Market Study-Power Transmission
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.