Copper Inventory in Domestic Bonded Zone Down 28,800 mt

SHANGHAI, Mar 25 (SMM) - Copper inventories in the domestic bonded zones decreased 28,800 mt from March 18 to 302,600 mt as of Friday March 25, according to the most recent SMM survey. Inventory in the Shanghai bonded zone decreased 27,200 mt to 266,300 mt, and inventory in the Guangdong bonded zone dropped 1,600 mt to 36,300 mt. The decrease of inventory in the bonded zone this week was contributed by the obvious increase of shipment and the concentrated exports of Russian copper of a large trader to overseas warehouses for delivery. As for arrivals, due to the influence of logistics, the exports of domestic smelters were not smooth, and the number of goods that flew into the bonded zone was limited.

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