Inventory Buildup Trend Persists Two Weeks After Chinese New Year; When Will Domestic Destocking Begin? [SMM Analysis]
- feb 21, 2025, at 5:59 pm
[SMM Analysis] In the two weeks following the Chinese New Year, SMM copper cathode inventories continued to see inventory buildup, especially in the Shanghai region, with no signs of destocking. Comparing historical years, in the two weeks after the 2025 Chinese New Year, SMM copper cathode inventories increased by 115.68% compared to pre-holiday levels, marking the highest growth in nearly seven years.
