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Copper stocks in Guangdong gain 16,900 mt over CNY break

iconFeb 11, 2019 17:56
Source:SMM
Copper stocks stood at 45,500 mt as of Monday Feb 11, up 16,900 mt from Friday Feb 1

SHANGHAI, Feb 11 (SMM) – Copper stocks in Guangdong stood at 45,500 mt as of Monday February 11, up 16,900 mt from Friday February 1, SMM data showed.

Spot premiums were heard at 10-60 yuan/mt in Guangdong on the first trading day after the holiday, higher than previous years.

Sellers held their offers firm given maintenance at some smelters in south China after the break. Overall spot copper trades across southern markets remained poor as the holiday festivities continued.

Inventory data
Copper

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