LME ASIA WEEK 2019: China’s copper demand stable into Q2, market ‘excessively worried’, traders say

摘要

Major talking points among copper market participants attending theannual LME Asia Week in Hong Kong this week are whether Chinesecopper demand for April and May is weaker compared with previousyears and when high domestic copper stocks in China will decrease.Sustained high copper stocks in the Shanghai-bonded zone havefueled market worries that copper demand in China is foundering andthat the traditional peak consumption season in 2019 will be delayed.Fastmarkets MB assessed Shanghai-bonded copper stocks at572,000-576,000 tonnes on Monday May 6, rising by 9,000 tonnes or1.6% from 563,000-567,000 tonnes recorded on March 25.