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Some shipments cleared customs to the domestic bonded zone, and the inventory of electrolytic copper has decreased again.
According to Mysteel statistics, as of April 7th, the bonded zones in Shanghai and Guangdong had a total copper spot inventory of 53.2k tons, a decrease of 8k tons compared to the 2nd.
Shanghai bonded zone: 45.6k tons, down 8k tons from the 2nd;
Guangdong bonded zone: 7.6k tons, unchanged from the 2nd;
Bonded zone inventories continue the trend of destocking, with some warehouses still importing cleared goods into the country, and fewer goods entering storage, leading to a decline in inventory.