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On April 27th, domestic market spot copper inventory decreased by 18.8k tons compared to the 20th.
On April 27th, domestic market electrolytic copper spot inventory was 261.9k tons, down 18.8k tons from the 20th, and down 11.5k tons from the 23rd; Shanghai inventory was 200.5k tons, down 9k tons from the 20th, and down 5.5k tons from the 23rd; Guangdong inventory was 13.6k tons, down 2.1k tons from the 20th, and down 1.4k tons from the 23rd; Jiangsu inventory was 43.7k tons, down 7.7k tons from the 20th, and down 4.7k tons from the 23rd. Domestic social warehouse stocks continue to decline, with varying degrees of decrease across different markets; recently, domestic cargo arrivals at warehouses remain relatively low, but imported copper clearance and arrivals are still being supplemented; although copper prices have recently been at high levels, downstream companies still have strong demand to buy on dips, and the overall market’s outbound volume decline is not very obvious, so inventories continue to decrease. (My Steel Network)