London Copper Inventory at a Nearly Seven-Month High, SHFE Copper Inventory Increased slightly

SHANGHAI, May 17(SMM) - For more than two months, LME copper inventory had climbed from a 16-year low of  69,600 mt to a seven-month high of 177,000 mt on May 13 before falling 450 mt to 176,550 mt as of May 16. SHFE copper inventory rose 5.89% on a weekly basis to 55,372 mt on May 13, a low in two months.