Copper Inventory in China Bonded Zone Dipped 10,700 mt on Week

SHANGHAI, Nov 12 (SMM) - The copper inventories in the domestic bonded zones declined 10,700 mt from November 5 to 216,200 mt as of Friday November 12, the fifth consecutive week of decline, according to the most recent SMM survey.

Among them, the inventory in Shanghai bonded zone dropped 8,700 mt to 187,700 mt, and that in Guangdong declined 2,000 mt to 18,500 mt. The total inventories in the bonded zones remained the downward trend, mainly as the arrivals at ports were at a low level. While the exports by domestic smelters continued, pushing down the inventory in bonded zone.