Copper Inventories in Domestic Bonded Zone up 3,600 mt from Monday

SHANGHAI, Apr 15 (SMM) - Copper inventories in the domestic bonded zone increased 3,600 mt from April 8 to 310,100 mt on April 15, according to the SMM survey. Inventory in the Shanghai bonded zone increased 3,000 mt to 272,800 mt, and inventory in the Guangdong bonded zone rose 600 mt to 37,300 mt. Although the SHFE/LME price ratio is slightly repaired this week, the imports are still at losses, and the demand for customs declaration imports is sluggish. This week, the operation in Shanghai bonded zone was restored. Truck drivers with permits can transport goods, and some goods that have already arrived at ports have been moved into the bonded warehouse. However, importers in Shanghai are still working from home, and the difficulty in flowing documents hinders the import trading, thus the circulation of imported copper will remain low.

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