Home / Metal News / Shanghai-bonded copper stocks shrink on week

Shanghai-bonded copper stocks shrink on week

iconOct 26, 2018 18:48
Source:SMM
Copper stocks across Shanghai bonded areas shrank by 1,200 mt from Oct 19 to 393,000 mt as of Friday Oct 26

SHANGHAI, Oct 26 (SMM) – Copper stocks across Shanghai bonded areas shrank by 1,200 mt from October 19 to 393,000 mt as of Friday October 26, SMM data showed. 

Limited overseas cargoes moved into the bonded areas amid closed import arbitrage window, which has remained closed for nearly a month. 

Separately, copper inventories across LME warehouses in Asia stood below 20,000 mt, the lowest in recent four-five years.

 

Inventory data
Copper
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news