[SMM data] SMM National mainstream Copper Market inventory is down 3400 tons compared with before the festival, Guangdong inventory increased slightly.

SMM5, June 6: on the first day after the festival, according to SMM exclusive survey data, SMM national mainstream copper market inventory totaled 305500 tons, down 3400 tons from before the festival. Of these, copper stocks in Shanghai fell 2700 tons to 234300 tons from before the festival, copper stocks in Jiangsu fell 2000 tons to 31000 tons from before the festival, and copper stocks in Guangdong increased by 1300 tons to 40200 tons.

Compared with the pre-Spring Festival (January 23), SMM national mainstream copper market inventory increased by a total of 90500 tons. Of this total, copper stocks in Shanghai increased by 83300 tons, copper stocks in Jiangsu increased by 11000 tons, and copper stocks in Guangdong decreased by 3800 tons.

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