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上期所铜库存激增43.7% 创约10年来最高水平
Wen Hua Cai Jing· 2026-02-27 11:10
Group 1 - The core point of the articles highlights a significant increase in copper inventories in China, with Shanghai Futures Exchange reporting a rise of 119,054 tons or 43.7% to 391,529 tons, the highest level since March 2016, marking the 11th consecutive week of increase [2] - The increase in copper inventories is attributed to a decline in demand around the Chinese New Year holiday, which aligns with global trends as LME copper inventories also rose to 253,700 tons since January 12 [2] - Comex copper inventories are also on the rise, albeit at a slower pace, reaching 601,048 short tons (approximately 545,261.57 tons) as of Thursday [2] Group 2 - The Shanghai copper main contract saw a price increase of 1.19% to 103,920 yuan per ton, with a cumulative rise of 3.53% in the first trading week after the Chinese New Year [2] - LME three-month copper is expected to record a weekly increase of about 4% [3] Group 3 - The Chinese copper industry faces three major challenges: increasing reliance on foreign resources, overcapacity in the midstream processing sector, and suppressed downstream demand due to high copper prices [4] - To assist the industry in navigating these challenges, a bilingual version of the "2026 China Copper Industry Chain Distribution Map" has been compiled in collaboration with copper industry chain enterprises [4]