Shanghai-bonded copper stocks drop 10,000 mt on week

SHANGHAI, Jul 19 (SMM) – Copper stocks across Shanghai bonded areas continued to fall this week, declining 10,000 mt on the week to stand at 404,000 mt as of Friday July 19, showed SMM data.

This marked an 11th straight week of declines, down 184,000 mt from May 10 and 25,800 mt from the start of the year.

Fewer arrivals under bills of lading partially accounted for the declines in bonded stocks.