SMM

The arrivals in Guangdong fell 1,800 mt to 13,900 mt, lower than the weekly average of 19,000 mt for 2022. Despite arrivals of imported copper, lower arriving shipments of domestic copper drove a drop in total shipment arrivals. Shipments of copper cathode leaving the warehouses in Guangdong added 300 mt on a weekly basis to 16,500 mt, lower than the weekly average of 19,500 mt for 2022.