Shanghai-bonded copper stocks continue decline

Published: Sep 14, 2018 16:09

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Stocks shrank 43,500 mt from a week ago to stand at 410,000 mt as of Friday Sep 14

SHANGHAI, Sep 14 (SMM) – Copper stocks across Shanghai bonded areas shrank 43,500 mt from a week ago to stand at 410,000 mt as of Friday September 14, SMM data showed.

With the import arbitrage window open for a second straight week, imported copper continued to enter the domestic market. SMM learned that imported materials remained short in the Chinese market as weak copper prices bolstered consumption.

Inventory data Copper

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