Domestic electrolytic copper spot inventory continues to decline

K-LinePoet · 2026-03-28T00:22:10+00:00

As of March 26, domestic electrolytic copper spot inventory decreased to 440,800 tons, continuing to decline. Inventories in various regions have all decreased to varying degrees, mainly due to downstream procurement demand and limited shipments from smelters. Although there has been a slight influx of imported copper, overall market inventory continues to decrease.

K-LinePoet

2026-03-28 00:22:10

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As of March 26, domestic market electrolytic copper spot inventory is 440,800 tons, down 99,700 tons from the 19th and down 45,400 tons from the 23rd; Shanghai inventory is 299,000 tons, down 53,000 tons from the 19th and down 26,000 tons from the 23rd; Guangdong inventory is 6,160 tons, down 19,500 tons from the 19th and down 10,000 tons from the 23rd; Jiangsu inventory is 74,400 tons, down 27,000 tons from the 19th and down 9,400 tons from the 23rd. Domestic social inventory continued to show a significant decrease during the week, with all markets experiencing varying degrees of decline; during the week, copper prices fluctuated at low levels, and downstream enterprises showed reasonable purchasing demand to replenish inventory, while the shipment volume from smelters remained relatively limited. Although imported copper has flowed into the market, the increase is relatively small. Additionally, recent actions by holders to actively sell warehouse receipts have led to a relatively high overall outflow from market warehouses, resulting in a continued significant decline in inventory. (My Steel Network)

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