Japan May Copper Cathode Inventories Rise 18% On Month -METI-Shanghai Metals Market

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Japan May Copper Cathode Inventories Rise 18% On Month -METI

Industry News 03:12:17PM Jun 30, 2010 Source:SMM

SINGAPORE, Jun 29, 2010 (Dow Jones Commodities News via Comtex) -- Japan's copper cathode inventories rose 18% in May compared with April to 40,145 metric tons, according to preliminary data released Wednesday by the Ministry of Economy, Trade and Industry.

Copper cathode inventories in May were 28% higher than the same month in 2009.

Shipments of refined copper in May reached 119,663 tons, down 7% from April but flat from the previous year.

Production of refined copper rose 4% on month in May to 132,901 tons, and was up 2% from a year earlier.

At 0330 GMT, three-month copper on the London Metal Exchange was at $6,502/ton, up $9 from Tuesday's kerb.

 

Key Words:  copper Cu  

Price

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#1 Refined Cu
Apr.19
49430.0
-170.0
(-0.34%)
Yangshan Copper Premium(Bill of Lading)
Apr.19
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.19
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

Japan May Copper Cathode Inventories Rise 18% On Month -METI

Industry News 03:12:17PM Jun 30, 2010 Source:SMM

SINGAPORE, Jun 29, 2010 (Dow Jones Commodities News via Comtex) -- Japan's copper cathode inventories rose 18% in May compared with April to 40,145 metric tons, according to preliminary data released Wednesday by the Ministry of Economy, Trade and Industry.

Copper cathode inventories in May were 28% higher than the same month in 2009.

Shipments of refined copper in May reached 119,663 tons, down 7% from April but flat from the previous year.

Production of refined copper rose 4% on month in May to 132,901 tons, and was up 2% from a year earlier.

At 0330 GMT, three-month copper on the London Metal Exchange was at $6,502/ton, up $9 from Tuesday's kerb.

 

Key Words:  copper Cu