LME copper inventories dropped to a nearly nine-month low, while SHFE copper inventories hit a more than two-month low.

Published: Apr 14, 2025 11:36

Save

The London Metal Exchange (LME) released data showing that LME copper inventories first increased and then decreased last week, with the latest inventory level dropping to 208,775 mt, the lowest in nearly nine months.

The latest data from the Shanghai Futures Exchange revealed that SHFE copper inventories continued to decline in the week ending April 11, with weekly inventories decreasing by 18.96% to 182,941 mt, the lowest in over two months. International copper inventories increased by 2,378 mt to 27,788 mt.

Last week, COMEX copper inventories continued to accumulate, with the latest inventory level reaching 117,821 mt, hitting a new high in over six years.

Note: Generally, continuous declines in domestic and overseas exchange inventories will support futures prices, while increases will have a bearish impact.

Comparison of Copper Inventories Across Three Major Exchanges Since 2023

Below is the copper inventory data from the three major exchanges since March 2025 (unit: mt):

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 for 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

12 hours ago

40 Oil Tankers Transport 16 Million Barrels of Crude Through Strait of Hormuz

According to US media Axios quoting three US officials on the 22nd, on the evening of the 21st, about 40 oil tankers passed through the southern channel of the Strait of Hormuz, shipping out about 16 million barrels of crude oil.

12 hours ago

US Imposes 50% Tariff on Canadian Goods; Canada Suspends Trade Talks and Retaliates with Equivalent Tariffs

According to the latest news, the US measure to impose an additional 50% tariff on certain Canadian goods took effect at 12:01 a.m. ET on August 22. At midnight on August 21 local time, Canadian Prime Minister Carney stated that he had decided to suspend trade negotiations with the US. Carney said that while the US imposes a 50% tariff on Canadian goods, Canada will impose an equivalent tariff.

12 hours ago

Trump Addresses US Bond Market, Iran, and North American Trade Talks

US President Trump delivered remarks on multiple topics including the US bond market, the Iranian situation, and the North American trade talks.Regarding the recent expansion of long-term Treasury buyback operations by the US Treasury Department, Trump stated that he did not instruct Treasury Secretary Bessent to intervene in the US bond market, adding that Bessent decided to act on his own, and claimed that US economic growth would naturally resolve the national debt issue.On the Iran issue, Trump said that the US has "completely controlled the entire region" and that Iran "could" reach an agreement with the US, but is "not ready" to do so yet. Referring to the US-Mexico-Canada Agreement (USMCA), Trump remarked that the US "should be able to reach a deal with Canada," which is "going well," and that the US has also initiated a new agreement with Mexico.

12 hours ago