Shanghai Copper Inventories Rise Fourth Week; Aluminum Drops

(Bloomberg)--Copper stockpiles monitored by the Shanghai Futures Exchange increased for a fourth week, while aluminum inventories declined to a 26-month low.

Copper inventories climbed 1,133 metric tons, or 1 percent, to 118,200 tons, the highest level since May, according to a survey of 10 warehouses in Shanghai, the bourse reported on its website today.

Aluminum inventories decreased for a 21th week, losing 23,585 tons to 158,130 tons, the lowest level since June 2009, according to a survey of 20 warehouses in Shanghai, Guangdong, Jiangsu and Zhejiang provinces.

Zinc stockpiles declined for a fourth week to 400,336 tons, down 235 tons, based on a survey of 15 warehouses in Shanghai, Guangdong and Zhejiang, while lead stored in the warehouses gained 2,207 tons to 61,031 tons, the data showed.

Natural-rubber inventories increased 1,940 tons to 20,737 tons, based on a survey of 10 warehouses in Shanghai, Shandong, Yunnan, Hainan and Tianjin, the bourse said in the weekly report.