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

Published: Jun 18, 2026 16:27

Save

【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.

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

8 hours ago

Copper Prices Rebound at Week's End, Marginal Improvement in Copper Scrap Supply [SMM Copper Scrap Weekly Review]

[SMM Analysis: Copper Prices Rebound at Week's End, Marginal Improvement in Copper Scrap Supply] In the first week of July (June 30-July 3), the copper scrap market operated under three overlapping factors: the second week after the implementation of the reverse invoicing regulation, the onset of the high-temperature off-season, and copper prices holding the 100,000 yuan mark. The overall supply-demand weakness that began in June persisted. The most-traded SHFE copper contract moved sideways within the 102,020-103,070 yuan/mt range, never breaching the psychological level of 100,000 yuan/mt, while the wait-and-see sentiment among end-users remained unabated...

8 hours ago

9 hours ago

Data: SHFE, DCE market movement (Jul 03)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 03 Jul , 2026

9 hours ago

Rate Hike Expectations Cooling and Destocking Continues, Copper Prices Maintain Fluctuating Trend [SMM Macro Weekly Review]

9 hours ago