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Shanghai bonded copper stocks fell as coronavirus reduced deliveries to China
Mar 27,2020 14:49CST
data analysis
Source:SMM
Stocks of copper across Shanghai bonded area fell this week, as arrivals dwindled due to COVID-19 outbreak globally and as purchases of hydro-copper under warehouse warrants increased after copper prices stabilised and domestic demand recovered. SMM data showed that Shanghai bonded copper stocks decreased 1,000 mt in the week ended March 27 to 339,000 mt, after a gain of 7,000 mt in the previous week.
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