China Lithium Market Dynamics & Lithium Procurement Study

China Lithium Market Dynamics and Lithium Procurement Study

Battery Recycling Technology Understanding

Solid State Battery Market

   China Scrap Steel Quality Analysis 

China Scrap Steel Cost Curve

Home

Metal News

Copper in Shanghai Advances for Fifth Day as Inventories Drop

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE

3rd Li-ion Battery Europe 2025

2025 NET ZERO EUROPE - Solar & Energy Storage Summit

2025 SMM Europe & Africa Lithium Resources Field Trip

[Ni] CBI Morning Review - 2009/6/29 Nickel Market

SHANGHAI, June 29 -- Copper in Shanghai climbed for a fifth day on optimism that demand may be picking up as global stockpiles decline.
&nbsp;&nbsp;&nbsp; Copper inventories in Shanghai fell 18 percent last week, the first drop in four weeks, the Shanghai Futures Exchange said in a report after the market closed June 26. Stockpiles of the metal tallied by the London Metal Exchange have declined every day since May 7.
&nbsp;&nbsp;&nbsp; &quot;The large drop in inventories certainly lends support to the market,&quot; Zeng Chao, analyst at Everbright Futures Co, said in an e-mail.
&nbsp;&nbsp;&nbsp; October-delivery copper on the Shanghai Futures Exchange, the most-active contract, gained as much as 0.9 percent to 40,740 yuan ($5,962) a metric ton and traded at 40,490 yuan at 10:03 a.m. Singapore time.
&nbsp;&nbsp;&nbsp; Three-month delivery copper on the London Metal Exchange rose as much as 1.8 percent to $5,125 a ton before trading at $5,105 a ton. Copper for September delivery in New York was up 0.6 percent at $2.3235 a pound.
&nbsp;&nbsp;&nbsp; &quot;Copper in the international market will continue to take direction from the U.S. dollar and crude oil,&quot; said Zeng. &quot;In the coming weeks, we may see Shanghai reverting back to tracking London.&quot;
&nbsp;&nbsp;&nbsp; Copper futures in China have led prices in London since April, Gu Jianjun, a trader at Jinyuan Futures Co., a unit of Tongling Nonferrous Metals Group Co., said June 24.
&nbsp;&nbsp;&nbsp; Among other LME-traded metals, aluminum rose 0.4 percent to $1,651 a ton, zinc added 1.2 percent to $1,600 a ton and lead gained 0.3 percent to $1,720 a ton. Nickel was little changed at $15,830 a ton, while tin hadn't traded as of 10:05 a.m. in Singapore.
&nbsp;&nbsp;&nbsp; (Source: Bloomberg)
&nbsp;

China Has Bought 235,000 T Copper as Reserves -Report

copper-in-shanghai-advances-for-fifth-day-as-inventories-drop

Copper in Shanghai Advances for Fifth Day as Inventories Drop | SMM

Copper in Shanghai Advances for Fifth Day as Inventories Drop

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025