Shanghai Copper stockpiles hit 7-month low as June imports surge – ING

FXStreetJul 28, 2025 10:00 AM

View all comments（0）



Copper inventories on the Shanghai Futures Exchange fell 13% to 73,423 tonnes on Friday to the lowest level since December, ING's commodity experts Ewa Manthey and Warren Patterson note.

Copper inventories drop 13% in Shanghai

"The drawdown in inventories follows Chinese Customs data released earlier this month, which showed imports of refined copper jumped 15% in June from the previous month. In other metals, inventories of aluminium and zinc both increased, up 6.4% to 115,790 tonnes and 8.8% to 59,419 tonnes, respectively."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

【US Pre-Market】US Futures and Chip Stocks Fall as Global Bond Sell-Off Deepens; Gold Drops Below $4,400, Brent Crude Tops $92

TradingKey - On Tuesday (September 1) Eastern Time, futures on the three major U.S. stock indexes fell across the board in pre-market trading. Geopolitical risks escalated sharply after two supertankers were hit by unidentified projectiles in the Strait of Hormuz, driving international oil prices further up. Meanwhile, the global bond market sell-off persisted, pushing long-term government bond yields in major economies to multi-year highs and significantly dampening market risk appetite.

Why Are Three Major US Stock Index Futures Under Pressure to Start September? Nvidia, Apple, Tesla, Micron in Focus

TradingKey - On the first trading day of September, U.S. stock futures moved lower across the board in pre-market trading. As of press time, Dow Jones Industrial Average futures and S&P 500 futures both fell by about 0.55%, while Nasdaq 100 futures dropped approximately 1.05%. Rising oil prices, higher U.S. Treasury yields, and heightened tensions in the Middle East combined to weigh on risk appetite.

Gold Drops Below $4,400, Silver Slumps 3% as Rising Global Bond Yields Weigh on Precious Metals

TradingKey - As global government bond yields moved higher across the board and the US Dollar Index continued to climb, the precious metals market faced a sharp sell-off. Spot silver (XAGUSD) fell more than 3% at one point to $64.46, hitting its lowest level since August 19, while spot gold (XAUUSD) broke below $4,400 per ounce.

The Week Ahead: August Nonfarm Payrolls Data Incoming, Broadcom, Dell, Palo Alto Earnings Set for Release

TradingKey - In the coming week (August 31 to September 4), market focus will gradually shift to the August non-farm payrolls report. As the final monthly employment report before the September FOMC meeting, the non-farm data will serve as a crucial basis for assessing U.S. labor market conditions and the Federal Reserve's policy path in September.

Bitcoin Price Prediction: BTC Breaks $80,000 Mark, What Does It Mean?

If Bitcoin holds firmly above $80,000, it suggests a strong market risk appetite has been established. Capital is expected to follow the rotation path and spread toward major Layer-1 public chains such as Ethereum (ETH), Solana (SOL), and XRP (XRP), while also signaling a shift in technical resistance levels.

Featured Tools