Imported copper cargoes arriving at Shanghai ports led to a significant inventory buildup, and the SHFE copper market continued to be sluggish. [SMM Shanghai Spot Copper]

There was still restocking before the holiday, and the price spread between futures contracts was relatively large, stimulating spot premiums to fluctuate and rise. [SMM Southern China Spot Copper Cathode Weekly Review]

Copper Inventories in Major Domestic Regions Continued to Build Up Before Chinese New Year [SMM Weekly Data]

Overnight futures prices closed slightly lower, spot cargo held steady with a wait-and-see approach [SMM Cast Aluminum Alloy Morning Comment]

Downstream buyers have largely completed restocking, but suppliers are still holding prices firm for shipments. [SMM South China Spot Copper]