Shanghai bonded copper stocks extended rise by 10,200 mt on week

SHANGHAI, Feb 21 (SMM) – Copper stocks across Shanghai bonded area rose for the third consecutive week after the Chinese New Year holiday, rising 10,200 mt from February 14 to stand at 330,500 mt as of February 21, according to SMM data.

Compared with January 23, the inventories were 38,000 mt higher as of February 21. 

While the copper import losses were sustained, the increase in the bonded stocks slowed from a week ago as there remained some copper cathode products stranded at ports due to limited transportation capacity and slow resumption of workers.