Shanghai-bonded copper stocks extend gains to 557,000 mt

Published: Mar 22, 2019 14:57

Save

Stocks rose 15,500 mt from a week ago to stand at 557,000 mt as of Mar 22

SHANGHAI, Mar 22 (SMM) – Copper stocks across Shanghai bonded areas continued to grow this week and stood at 557,000 mt as of Friday March 22, up 15,500 mt from Friday March 15, SMM data showed.

This was up 115,800 mt from February 1, the last Friday before the Lunar New Year holiday.

Inventory data Copper

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

29 mins ago

Downstream restocking and cargo pick-up, market supply decreases [SMM North China Spot Copper]

Today in North China, spot #1 copper cathode prices against the front-month contract were reported at discounts of 190–130 yuan/mt, with the average discount at 160 yuan/mt, up 10 yuan/mt from the previous trading day. The average transaction price stood at 104,580 yuan/mt, down 1,025 yuan/mt from the previous trading day.

29 mins ago

1 hour ago

Copper Cathode Rod Enterprises See Operating Rate Drop to 67.55% in May, Down 3.64% MoM

1 hour ago

2 hours ago

Lobito Railway Resumes Copper Shipments from DRC Following Flood Repairs

Lobito Atlantic Railway (LAR) has resumed operations on a key section of its rail corridor and received its first copper shipment from the Democratic Republic of Congo since repairing flood-damaged infrastructure. The rail link between the Port of Lobito and Huambo had been disrupted for approximately two months due to severe flooding. During the outage, LAR maintained cargo movements through a contingency plan involving rail and truck transfers. The Lobito Corridor is a major export route for copper and cobalt from the DRC to the Atlantic coast, and the restoration of rail traffic is expected to improve logistics efficiency for critical minerals exports from Central Africa.

2 hours ago