China's Copper Inventory Falls to 70,000 mt, Down 16,500 mt WoW, Boosting Prices

Published: Sep 24, 2026 15:49 (GMT+8)

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[SMM Copper Social Inventory Flash] As of September 24, SMM copper inventory across major regions in China fell to around 70,000 mt, down 16,500 mt WoW and about 70,000 mt lower compared to the same period last year. Regional trends diverged: inventory in major consumption areas in east China remained largely stable, while destocking in south China was notable, accounting for the bulk of this period's decline. Pre-holiday stockpiling demand was gradually released, while supply additions remained limited, keeping inventory on a downward track and providing strong underlying support for copper prices and spot premiums.

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