SHANGHAI, Dec 4 (SMM) — Stocks of copper in Shanghai bonded areas decreased for two consecutive weeks.
SMM data showed that the stocks fell 7,100 mt from the prior week to 359,900 mt as of Friday December 4.
When the import window opened last week, the spot import profit drove the demand for customs declaration import to heat up rapidly. Cargoes of warehouse receipts flowed out of the bonded warehouse one after another, which led to a further decline in inventories.

![El diferencial de precios entre contratos de futuros superó en su momento los 800 yuanes; las compras downstream fueron escasas y las primas al contado cayeron bruscamente [Cobre al contado del sur de China de SMM]](https://imgqn.smm.cn/usercenter/AbRbz20251217171711.jpg)
![La mayor diferencia de precios entre los contratos de futuros reduce las compras; los descuentos al contado en el norte de China se amplían [Cobre al contado del norte de China de SMM]](https://imgqn.smm.cn/usercenter/FERSF20251217171712.jpg)

