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Japan April Copper Cathode Inventories Down 16% On Month -METI
Jun 1,2010 13:10CST
industry news

SINGAPORE, May 31, 2010 (Dow Jones Commodities News via Comtex) -- Japan's copper cathode inventories fell 16% in April compared with March, to 34,168 metric tons, according to preliminary data released Monday by the Ministry of Economy, Trade and Industry.

Copper cathode inventories in April were 14% higher than the same month in 2009.

Shipments of refined copper in March reached 128,117 tons, up 2% from March and 4% from the previous year.

Production of refined copper fell 4% on month in April to 128,346 tons, but was up 18% from a year earlier.

At 0130 GMT, three-month copper on the London Metal Exchange was at $6,820/ton, down $118 from Friday's kerb.

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