SHANGHAI, Jan 29 (SMM) — Stocks of copper in Shanghai bonded areas decreased moderately on smaller arrivals.
SMM data showed that the stocks fell 3,700 mt from the prior week to 351,500 mt as of Friday January 29.
The import window remained closed this week with limit import demand. At the same time, arrivals of dollar copper decreased due to the shipment problem in Chile. The decrease of cargoes shipped into the warehouse was the main reason for the slight decline in bonded area stocks.
