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Domestic Electrolytic Copper Inventory Continues to Increase
On February 26, domestic electrolytic copper spot inventory was 536,100 tons, an increase of 164,500 tons compared to the 12th and an increase of 29,000 tons compared to the 24th; Shanghai inventory was 320,000 tons, up 88,500 tons from the 12th and 16,000 tons from the 24th; Guangdong inventory was 93,100 tons, up 45,200 tons from the 12th and 8,700 tons from the 24th; Jiangsu inventory was 113,900 tons, up 27,600 tons from the 12th and 3,800 tons from the 24th. Domestic social warehouse continued its accumulation trend, with varying degrees of increase across different markets; during the week, domestic goods in transit continued to arrive and be stored, and downstream companies’ resumption of work and production was slow, resulting in limited market demand. Overall inventory continued to rise. (My Steel Network)