SHANGHAI, Oct 23 (SMM) — Stocks of copper in Shanghai bonded areas increased for the twelfth consecutive week, as overseas arrivals increased.
SMM data showed that the stocks expanded 16,000 mt from the prior week to 346,000 mt as of Friday October 23.
High SHFE Copper prices suppressed domestic consumption, and terms of trade was unlikely to recover. The import loss once expanded to more than 700 yuan/mt with sluggish import demand for customs declaration. The traders shipped their cargoes to bonded warehouses. This also accounted for the continuous increase of bonded inventories.

![Разница в ценах между фьючерсными контрактами однажды превысила 800 юаней; закупки в нижнем сегменте были вялыми, а спотовые премии резко упали [SMM спотовая медь Южного Китая]](https://imgqn.smm.cn/usercenter/AbRbz20251217171711.jpg)
![Расширение ценового спреда между фьючерсными контрактами снижает закупки; спотовые скидки в Северном Китае увеличиваются [SMM спотовая медь в Северном Китае]](https://imgqn.smm.cn/usercenter/FERSF20251217171712.jpg)

