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Domestic electrolytic copper inventories increased slightly
According to the latest market data, as of May 20, the total domestic electrolytic copper spot inventory reached 40playgameswithcrypto.4,500 tons, an increase of 3,300 tons from last week. Inventories in Shanghai were 289,300 tons, a month-on-month increase of 6,500 tons. At the same time, inventories in Guangdong and Jiangsu respectively appearedplaygameswithcryptoThere have been varying degrees of decline.
Although inventories showed an overall upward trend, inventories in Guangdong dropped significantly, down 3,600 tons from last week. Inventories in Jiangsu increased slightly, increasing by 0,500 tons.
Market analysis pointed out that these changes in electrolytic copper inventories may be related to the loss of import price, which makes it difficult for imported copper to enter the domestic market. In addition, smelter export activity and limited market arrivals have also had an impact on inventories.