Copper Inventories Stable Nationwide, Regional Variations Evident

Published: May 28, 2026 15:18 (GMT+8)

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【SMM Copper Inventory Update】National copper cathode inventories remained largely stable overall, with mixed performance across regions. Shanghai saw a slight increase in arrivals but limited purchasing, resulting in a minor inventory buildup; Jiangsu experienced reduced arrivals, with inventories pulling back; Guangdong saw tighter arrivals, achieving destocking.

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.

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