The local prices are expected to be released soon, stay tuned!
Got it
+86 021 5155-0306
Language:
SMM
Sign In
Base Metals
Aluminum
Copper
Lead
Nickel
Tin
Zinc
New Energy
Solar
Lithium
Cobalt
Lithium Battery Cathode Material
Anode Materials
Separator
Electrolyte
Lithium-ion Battery
Sodium-ion Battery
Used Lithium-ion Battery
Hydrogen Energy
Energy Storage
Minor Metals
Silicon
Magnesium
Titanium
Bismuth/Selenium/Tellurium
Tungsten
Antimony
Chromium
Manganese
Indium/Germanium/Gallium
Niobium/Tantalum
Other Minor Metals
Precious Metals
Rare Earth
Gold
Silver
Palladium
Platinum/Ruthenium
Rhodium
Iridium
Scrap Metals
Copper Scrap
Aluminum Scrap
Tin Scrap
Ferrous Metals
Iron Ore Index
Iron Ore Price
Coke
Coal
Pig Iron
Steel Billet
Finished Steel
International Steel
Others
Futures
SMM Index
MMi
The weekend before the Chinese New Year saw an increase of 38,600 mt in copper inventories across major regions nationwide [SMM Weekly Data].
Jan 27, 2025, at 11:53 am
[SMM Weekly Data on Copper Inventories in Major Regions] As of Monday, January 27, copper inventories in major regions across China tracked by SMM increased by 38,600 mt from last Thursday to 165,800 mt. Total inventories were 73,800 mt higher YoY compared to 92,000 mt in the same period last year, with Shanghai 41,200 mt higher YoY, Guangdong 10,700 mt higher YoY, and Jiangsu 17,300 mt higher YoY.
SMM, January 27: As of Monday, January 27, copper inventories in major regions across China tracked by SMM increased by 38,600 mt WoW to 165,800 mt. Total inventory was 73,800 mt higher YoY compared to 92,000 mt in the same period last year. Among them, Shanghai's inventory was 41,200 mt higher YoY, Guangdong's inventory was 10,700 mt higher, and Jiangsu's inventory was 17,300 mt higher. 》Click to Apply for Access to the SMM Metal Industry Chain Database Specifically, Shanghai's inventory increased by 19,500 mt WoW to 104,400 mt, Jiangsu's inventory increased by 9,800 mt WoW to 24,900 mt, and Guangdong's inventory increased by 6,900 mt WoW to 25,500 mt. With the strong pre-holiday atmosphere, downstream enterprises were mostly on holiday, resulting in muted demand, as reflected in the continuous decline in Guangdong's daily outflows from warehouses. Looking ahead, with the Chinese New Year holiday approaching, only a few enterprises remain operational. According to our survey, the weekly operating rate of copper cathode rod production is expected to drop to 19.61% this week, down by 35.56 percentage points WoW, and is expected to decline further next week. Facing weak demand, suppliers have no choice but to send goods to warehouses. Therefore, we believe this week will see a scenario of increasing supply and decreasing demand, with weekly inventories likely to continue rising.
