Import losses, export profits grow copper stocks in Shanghai bonded area

SHANGHAI, Mar 8 (SMM) –Shanghai-bonded copper stocks extended their gains this week as significant import losses limited outflows and as export arbitrage opportunities bolstered inflows.

SMM data showed that copper stocks across Shanghai bonded areas came in at 530,000 mt as of Friday March 8, up 25,000 mt from last Friday and 88,800 mt from the last Friday before the Lunar New Year holiday.