Copper Stockpiles in Shanghai Advance for Second Week

Sept. 9 (Bloomberg) –Copper stockpiles monitored by the Shanghai Futures Exchange rose for a second week, and aluminum inventories fell to a three-and-a-half year low.

Copper inventories added 5,510 metric tons to 113,300 tons, according to a survey of 10 warehouses in Shanghai, the bourse reported on its website today. Stockpiles at bonded warehouses gained 951 tons to 18,555 tons.

Aluminum inventories fell for a 26th week, losing 6,449 tons to 111,350 tons, the lowest level since February 2008, according to a survey of 20 warehouses in Shanghai, Guangdong, Jiangsu and Zhejiang provinces.

Zinc stockpiles declined 809 tons to 414,636 tons, based on a survey of 15 warehouses in Shanghai, Guangdong and Zhejiang, while lead stored in the warehouses fell 72 tons to 64,575 tons, the data showed.

Natural-rubber inventories rose 3,558 tons to 33,376 tons, the highest since March, based on a survey of 10 warehouses in Shanghai, Shandong, Yunnan, Hainan and Tianjin, the bourse said in the weekly report.