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NewsFlash / Copper / SHFE Copper Inventory Declines, Futures Inventory Drops Further, Backwardation Widens
SHFE Copper Inventory Declines, Futures Inventory Drops Further, Backwardation Widens
Apr 25, 2025 16:16
Apr 25, 2025 16:16Source:SMM
According to the weekly inventory report from SHFE, copper inventory subtotal decreased by 11,871 mt WoW, while futures inventory dropped by 17,983 mt. The reduction in futures warrants continued to increase, and the backwardation structure of SHFE copper contracts further widened.
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