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 dat

Zinc social inventories dropped as demand picked up

SHANGHAI, Mar 27 (SMM) &ndash; 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.

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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 <a href="https://news.metal.com/newscontent/101045950/Shanghai-bonded-copper-stocks-increased-after-two-weeks-of-declines" target="_blank">in the previous week</a>.

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Trades remained muted this week, as import losses further widened.

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