Copper Inventories in Shanghai Bonded Zone Grow Further This Week, SMM Reports

Published: Aug 4, 2017 15:48

Save

Copper inventories in Shanghai bonded zone increased on a weekly basis as of August 4, SMM understands.

SHANGHAI, Aug. 4 (SMM) - Copper inventories in Shanghai bonded zone increased on a weekly basis as of August 4, SMM understands.

Codelco Replaced by Freeport as World Largest Copper Producer, Copper Output to Fall in Q2

Bonded zone inventories in Shanghai were some 518,000 tonnes on August 4, compared to 515,000 tonnes on July 28.

Anhui Tongguan Sets Target for Lithium Battery Foil Project Commissioning 2017-2018

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Copper inventories copper prices Shanghai bonded zone

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Copper Scrap Market Shows Regional Divergence Amid Price Fluctuations and Compliance Inspections

This week, the copper scrap market operated under the interweaving influences of fluctuating copper prices, the approaching Dragon Boat Festival holiday, and ongoing compliance inspections on "reverse invoicing," presenting structural characteristics of "regional divergence in supply, essential demand-driven procurement, and transactions driven by invoices rather than prices

1 hour ago

2 hours ago

[SMM Analysis] LME Copper Prices Fluctuate at Highs; Procurement Slows Across China, Japan, and South Korea

[SMM Analysis: LME Copper Prices Fluctuate at Highs; Procurement Slows Across China, Japan, and South Korea Amid Flat Market Turnover]This week, LME copper prices fluctuated at high levels. Quotations for bare bright copper held high at 98.5%–99% payability. In contrast, offers for No. 2 ccopper material scrap(Birch/Cliff) showed distinct divergence. However the global recycled raw material market currently exhibits a gridlock defined by "weak supply and demand."

2 hours ago

9 hours ago

Fitzroy Reports High-Grade Copper Results in Chile

Fitzroy Minerals reported channel sampling results averaging 2.96% copper at its Buen Retiro project in Chile, with peak samples reaching 10.68% copper. The company continues drilling and advancing resource definition work.

9 hours ago