SHANGHAI, Dec 31 (SMM) — Stocks of copper in Shanghai bonded areas increased on larger arrivals.
SMM data showed that the stocks rose 13,500 mt from the prior week to 364,000 mt as of Thursday December 31.
The foreign trade market became active amid weakened trade before year-end, and imports continued to be at a loss. In addition to the domestic trade discount, the demand for US dollar copper was weak, and the export decreased. Shanghai bonded copper stocks rebounded for two consecutive weeks.
