Copper Inventory in China Bonded Zone Dipped 11,200 mt on Week

SHANGHAI, Sep 30 – Copper inventories in the domestic bonded zones dipped 11,200 mt from September 24 to 251,100 mt as of Friday September 30, according to the most recent SMM survey. Inventory in the Shanghai bonded zone decreased 9,700 mt to 225,600 mt, and inventory in the Guangdong bonded zone fell 1,500 mt to 25,500 mt.

In the past month, the import window has opened from time to time. This, combined with the high premiums in the domestic spot market, improved the import profit. This incentivised customs clearance, driving the bonded zone inventory to continue to fall.