This week, there will still be an increase in the shipments arrivals of imported copper. And the shipments of smelters near delivery will also increase.
But downstream consumption will not improve significantly against high copper prices.
In aggregate, SMM expects supply to grow and demand to weaken this week. And inventory would grow. Spot premiums should fall.
![Inventory falls for 13 consecutive weeks to a new low this year; spot premiums keep rising [SMM South China copper cathode spot weekly review]](https://imgqn.smm.cn/usercenter/vdbfy20251217171709.jpg)
![Импортное пополнение предложения в сочетании с расширяющимся бэквордацией, спотовые премии на медь в Шанхае отступают после быстрого роста [SMM Shanghai Spot Copper Weekly Review]](https://imgqn.smm.cn/usercenter/KTLHT20251217171714.jpeg)
