Copper Inventories Decline in China's Major Regions Amid Low Arrivals and Strong Demand

Published: Jun 18, 2026 16:27

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【SMM Copper Inventory Flash】In China's major regions, copper cathode inventories continued the destocking trend MoM. In the Shanghai market, arrivals of imported and domestic copper remained low, persistently driving down inventories. In the Jiangsu region, limited supply of arrivals, coupled with accelerated downstream warehouse withdrawals, pushed inventories down in tandem. Ahead of the Dragon Boat Festival, end-user stockpiling sentiment in Guangdong was sluggish, leading to a slight inventory buildup in the region.

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