Copper Inventories in China Decline for Fifth Week, Pace Slows Amid Smelter Maintenance

Published: Apr 16, 2026 14:19

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【SMM Copper Inventory Update】Social inventory of copper cathode in China's major regions has destocked for five consecutive weeks, but the destocking pace continued to slow down. Affected by smelter maintenance, domestic supply arrivals were relatively low, while the arrival pace of imported copper remained steady. Downstream demand was primarily driven by just-in-time procurement, pushing inventories to continue declining.

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