SHFE Copper Inventory
Physical copper stocks in SHFE-approved warehouses
About SHFE Copper Inventory
SHFE copper inventory represents physical copper cathodes stored in exchange-approved warehouses across China. As the world's largest copper consumer, China's warehouse stock levels are a critical indicator for global copper markets. SHFE copper stocks typically show strong seasonal patterns, with inventory building during the Chinese New Year period and drawing down during peak construction and manufacturing seasons.
Frequently Asked Questions
- How is SHFE copper inventory measured?
- SHFE copper inventory is measured in metric tons. Copper is stored as refined cathodes meeting exchange specifications in SHFE-approved warehouses across China.
- Why is SHFE copper inventory important?
- China consumes over 50% of the world's copper. SHFE copper stocks directly reflect Chinese physical supply and demand conditions, making them a key indicator for the global copper market.
- How does SHFE copper inventory compare to COMEX and LME?
- SHFE covers Chinese domestic supply, COMEX covers the US market, and LME provides global warehouse coverage. Traders compare all three to understand worldwide copper flows and regional supply dynamics.