Copper cathode inventories in Guangdong shrank 4,300 mt over weekend

SHANGHAI, Apr 14 (SMM) – Social inventories of copper cathode in south China’s Guangdong province extended their slide over the weekend amid decent consumption and limited arrivals. 

SMM data showed that social inventories of copper cathode at major warehouses in Guangdong stood at 70,059 mt as of April 13, down 4,300 mt from Friday April 10. 

The stocks declined for the fifth consecutive week as of April 10, falling 8,400 mt on the week to 74,400 mt.