Copper Inventory in China Bonded Zone Up 13,300 mt on Week

SHANGHAI, Jan 14 – The copper inventories in the domestic bonded zones increased 13,300 mt from January 7 to 216,900 mt as of Friday January 14. The inventory rose for three straight weeks.

The inventory in Shanghai bonded zone rose 10,500 mt on the week to 188,000 mt, while that in Guangdong bonded zone added 2,800 mt to 28,800 mt. The import and export windows both closed this week, hence the customs clearance was quiet. The Yangshan Copper premiums kept dropping in the past week, and some goods that arrived at the ports were stored into the bonded zone, pushing up the total inventory.