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Shanghai bonded copper stocks extended decline as arbitrage window widely opened
Apr 17,2020 16:19CST
data analysis
Source:SMM
Stocks of copper across Shanghai bonded area fell sharply this week, as high spot premiums in domestic markets boosted the appeal of imported copper. SMM data showed that the stocks decreased 11,300 mt in the week ended April 17 to 316,000 mt, marking the fourth straight week of decline.
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