SMM4 October 10:
As of Friday, inventories in SMM's national mainstream copper market totaled 433400 tons, down 28700 tons from last week. Of this total, copper stocks in Shanghai totaled 308000 tons, down 20, 000 tons from the previous week; copper stocks in Jiangsu Province totaled 51000 tons, down 300 tons from the previous week; and electrolytic copper stocks in Guangdong totaled 74400 tons, down 8400 tons from the previous week.
Compared with the pre-Spring Festival (January 23), SMM national mainstream copper market inventory increased by 218400 tons. Among them, copper stocks in Shanghai increased by 157000 tons compared with those before the Spring Festival; copper stocks in Jiangsu increased by 31000 tons compared with those before the Spring Festival; and copper stocks in Guangdong increased by 30400 tons compared with those before the Spring Festival.
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