Shanghai-bonded copper stocks drop 19,500 mt on week

SHANGHAI, Jul 12 (SMM) – Copper stocks across Shanghai bonded areas continued to fall this week, declining 19,500 mt on the week to stand at 414,000 mt as of Friday July 12, after a drop of 21,500 mt a week ago, showed SMM data.

Bonded stocks have declined for 10 consecutive weeks as of July 12.