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China became the world's first copper inventory center

 Last Update: 2022-12-03
 Source: Internet
 Author: User

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Customs data shows that since August 27 last year, copper stocks on the Shanghai Futures Exchange have increased by more than 140,000 tons to 277,000 tons, more than doubling inventories to a record high
.
Refined copper imports surged 34.
4 percent in December from a year earlier, reaching record levels
.
By comparison, copper stocks monitored by the LME stood at 205,000 tonnes, down by about half since August to a one-year low
.
The world's copper inventory center moved east, and China replaced London as the world's new copper storage center
.

For the first time in more than a decade, China has become the world's copper storage center
.

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