Shanghai bonded copper stocks added 400 mt on week

SHANGHAI, Nov 13 (SMM) — Stocks of copper in Shanghai bonded areas rose slightly this week, with the increase falling significantly, as arrivals decreased.

SMM data showed that the stocks expanded 400 mt from the prior week to 366,900 mt as of Friday November 13.

When the import loss is closed for a long time, domestic buyers are unwilling to import, leading to the week-on-week decline in imported copper. As for tradable sources in the foreign trade market, the arrivals during the shipping schedule around November 10 are indeed limited, and copper newly shipped to the bonded warehouse has declined accordingly.