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Wider import losses slow declines in Shanghai-bonded copper stocks
Stocks declined 7,000 mt from a week ago to stand at 455,000 mt as of Jun 28
SHANGHAI, Jun 28 (SMM) – Copper stocks across Shanghai bonded areas saw a smaller decline this week, as wider import losses lowered purchases, with signs of a weakening in Yangshan premiums.
Stocks declined 7,000 mt from a week ago to stand at 455,000 mt as of Friday June 28, compared with a drop of 20,000 mt in the week ended June 21, showed SMM data.
Inventory data
Copper
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