SMM

As of Monday May 8, SMM copper inventory across major Chinese markets decreased 700 mt from last Friday but were 45,900 mt higher than the same period last year (May 9, 2022). The inventory in Shanghai fell 700 mt, the inventory in Jiangsu fell 3,700 mt, the inventory in Guangdong increased by 3,300 mt, and the inventory in Chengdu and Tianjin increased by 200 mt.