Copper cathode inventories in Guangdong shrank despite greater arrivals 

SHANGHAI, Apr 21 (SMM) – Social inventories of copper cathode in south China’s Guangdong province extended their slide over the weekend amid robust consumption, even as arrivals increased. 

SMM data showed that social inventories of copper cathode at major warehouses in Guangdong stood at 59,741 mt as of April 20, down 4,381 mt from Friday April 17. 

The stocks declined for the sixth consecutive week as of April 17, falling 10,251 mt on the week to 64,122 mt.