Copper cathode inventories in Guangdong accelerated decline on weekend

SHANGHAI, Mar 30 (SMM) – Social inventories of copper cathode in south China’s Guangdong province accelerated their slide over the weekend after the stocks shrank for the third consecutive week as of March 27. 

SMM data showed that social inventories of copper cathode at major warehouses in Guangdong stood at 89,200 mt as of March 30, down 8,750 mt from Friday March 27. The stocks decreased 8,800 mt in the week ended March 27, compared with a weekly decline of 8,600 mt in the previous week.