The domestic market spot copper inventory is 389.1 thousand tons, down 51.7 thousand tons compared with 26 day.

April 2nd domestic market electrolytic copper spot inventory is 389.1k tons, down 51.7k tons from the 26th, and down 23.6k tons from the 30th; Shanghai inventory is 269.9k tons, down 29.1k tons from the 26th, and down 13.1k tons from the 30th; Guangdong inventory is 45.5k tons, down 16.1k tons from the 26th, and down 7.8k tons from the 30th; Jiangsu inventory is 66.9k tons, down 7.5k tons from the 26th, and down 3.1k tons from the 30th. Domestic social warehouse stocks continue to show a decline, with varying degrees of reduction across different markets; during the week, with the Qingming holiday approaching, downstream enterprises still have decent demand for stocking at lower prices, and warehouse outbound volume remains relatively good; at the same time, some smelters have limited shipments, and domestic sources still have low inflow into warehouses, but recent increases in imported copper arrivals have helped replenish stocks, resulting in a slowdown in the overall inventory decline. (My Steel Network)