icecasino50freespins| Spot inventories of electrolytic copper fell by 16,900 tons: the domestic market has a significant trend of dewarehousing

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[Domestic electrolytic copper spot stocks have dropped sharply] According to the latest news on April 29icecasino50freespins, spot inventories of electrolytic copper in the Chinese market have decreased significantly. According to Mysteel data, as of April 29, domestic spot inventories of electrolytic copper were 38.icecasino50freespins.84 million tons, a decrease of 16,900 tons compared with April 22 and a decrease of 8,500 tons compared with April 25. In terms of inventories in various regions, stocks in the Shanghai market were 271,600 tons, a decrease of 8,200 tons from April 22 and a decrease of 4,000 tons from April 25. Inventories in the Guangdong and Jiangsu markets also showed a downward trend, with 48,100 tons and 57,200 tons respectively, a decrease of 03,300 tons and 3,300 tons respectively from April 22. Compared with April 25, the Guangdong market decreased by 0.15 million tons, and the Jiangsu market decreased by 0.18 million tons.

Domestic social inventories of electrolytic copper have continued to decline, and inventories in all markets have decreased. The inflow of imported copper customs clearance in the Shanghai market has decreased, while some refineries plan to export, resulting in limited market arrivals. In addition, as the May Day holiday approaches, there is a certain demand for stocking in the downstream market, further promoting the decline of domestic social inventories.