SMM

As of Friday June 30, SMM copper inventory across major Chinese markets stood at 99,100 mt, up 11,400 mt from Monday and up 15,900 mt from June 21. Inventories accumulated after falling for seven consecutive weeks. Compared with the data on Monday, the inventory in all regions of China increased except that in Tianjin. The total inventories decreased 27,100 mt from 126,200 mt in the same period last year. Inventories in Shanghai decreased 24,100 mt from the same period last year. The inventories in Guangdong were 1,100 mt lower than the same period last year, and those in Jiangsu were 2,200 mt lower.