The London Metal Exchange (LME) reported that LME copper inventories rebounded overall last week, with the latest inventory level reaching 158,900 mt, hitting a three-month high.
The latest data from the Shanghai Futures Exchange showed that SHFE copper inventories edged down during the week ending August 29, with weekly inventories declining 2.39% to 79,748 mt. International copper inventories decreased by 427 mt to 12,428 mt.
Last week, COMEX copper inventories continued to accumulate, with the latest inventory level reaching 277,843 mt, the highest since January 2004.
Note: Generally, continuous inventory declines in domestic and overseas exchanges will support futures prices, while the opposite scenario exerts downward pressure.
Comparison of Copper Inventories Across Three Major Exchanges Since 2023
The following shows copper inventory data from three major exchanges since August 2025 (unit: mt):
(Wenhua Composite)
