Growing Copper Supply in Guangdong Reverse Premiums into Discounts, SMM Reports

Published: Aug 30, 2017 17:10

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Growing copper supply in Guangdong reversed local spot premiums into discounts.

SHANGHAI, Aug. 30 (SMM) –Growing copper supply in Guangdong reversed local spot premiums into discounts.

LME Copper Stocks Record Biggest Fall in Over Decade

As of August 30, copper stocks in Guangdong totaled 28,700 tonnes, up some 10,000 tonnes from August 25.

Copper Stocks Grow in Shanghai Bonded Zone, SMM Says

One smelter resumed shipments. Moreover, one large copper processor entered maintenance, hurting demand. These pushed stocks up, SMM explained.

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