Shanghai bonded copper stocks fell 3,300 mt on week

SHANGHAI, Jun 4 (SMM) — Stocks of copper in Shanghai bonded areas decreased on smaller arrivals.

SMM data showed that the stocks fell 3,300 mt from the prior week to 412,200 mt as of Friday June 4.

The quantity of bills of lading arriving at ports during the week was relatively small, and the opportunity of customs declaration and import had not been given in terms of import poss. The quantity of goods going out of bonded warehouse and entering customs was limited, while the quantity of refined copper exported from bonded warehouse to overseas increased, which led to the decline of stocks.