Copper Stockpiles in Shanghai Rise to Five-Month High

Jan. 13 (Bloomberg) --Copper stockpiles monitored by the Shanghai Futures Exchange advanced to a five-month high, data from the bourse showed today.

Inventories rose for a sixth consecutive week, gaining 15,194 metric tons to 120,452 tons, the highest since August, according to a survey of 10 warehouses in Shanghai, the exchange said on its website.

Aluminum inventories climbed 5,303 tons to 226,927 tons, a six-month high, according to a survey of 20 warehouses in Shanghai, Guangdong, Jiangsu and Zhejiang provinces.

Zinc stockpiles added 1,644 tons to 367,407 tons, based on a survey of 15 warehouses in Shanghai, Guangdong and Zhejiang, while those for lead declined 707 tons to 29,143 tons, the lowest since April.

Natural-rubber inventories climbed 395 tons to a 10-month high of 34,269 tons, based on a survey of nine warehouses in Shanghai, Shandong, Yunnan, Hainan and Tianjin, the bourse said.