National Copper Inventory Down MoM, Shanghai Leads in Destocking

Published: Jun 4, 2026 14:40

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【SMM Copper Inventory Flash】National copper cathode inventory decreased MoM, with varied performance across regions. In Shanghai, narrower arrivals coupled with faster downstream cargo pick-up led to significant destocking; Jiangsu saw basically flat inbound and outbound; Guangdong’s reduced arrivals drove inventory down simultaneously.

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