Comparison of copper inventories around New Year's Day in recent years: What supply and demand status do low inventories and low inventory growth reflect? [SMM analysis]
- jan 04, 2024, at 3:59 pm
From the comparison of copper inventory data from 2019 to 2024: SMM copper inventory after the New Year's Day holiday this year only increased by 5,200 mt to 71,600 mt. Compared with previous years, both the increased inventory quantity and the current total inventory are at historically low levels. The current inventory is 71,600 mt, which is the lowest level in 14 years.
