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China Copper Supply at 10-Year Low on Lockdown Snarls: Chart


China copper held in warehouses is at a 10-year low
Workers extract copper at a factory in Shangrao city, Jiangxi province. Photo: Reuters

After a sharp build-up early this year, China’s copper supply is shrinking rapidly as the government’s zero-Covid policy disrupts supply chains.

It is usual for stocks to dwindle at this time of the year, but the build-up ended earlier than usual and stocks have now plunged to a 10-year low for the period.

Stocks of copper in Chinese warehouses are shrinking rapidly across all locations following a top-up in supply at the start of 2022.

 

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Richa Gandhi

Richa Gandhi is a Data Journalist with Asia Financial News Group and has a special interest in data analytics. She is a post graduate in Statistics from Pune University in India. You can reach out to her on Twitter at @RichaG18.

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