SHANGHAI, Nov 27 (SMM) — Stocks of copper in Shanghai bonded areas started to decrease after sixteen consecutive weeks of increase.
SMM data showed that the stocks fell 2,700 mt from the prior week to 367,000 mt as of Friday November 27.
The import loss has gradually improved since last week, and the spot import profit directly boosted the import demand for customs declaration. The buyers in the foreign trade market actively sought warehouse receipts and recent arrival bills of lading. Yangshan copper premium rebounded significantly, and the market customs declaration imports increased, leading to the decline in stocks.

![Diferença de preço entre contratos futuros já ultrapassou 800 yuans; compras downstream foram fracas e os prêmios spot caíram acentuadamente [SMM cobre spot do sul da China]](https://imgqn.smm.cn/usercenter/AbRbz20251217171711.jpg)
![Maior spread de preços entre contratos futuros reduz as compras; descontos à vista no norte da China se ampliam [SMM cobre à vista no norte da China]](https://imgqn.smm.cn/usercenter/FERSF20251217171712.jpg)

