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Copper Inventories in Domestic Bonded Zones Increased 2,400 mt over Weekend

iconJun 24, 2022 17:13
Source:SMM
Copper inventories in domestic bonded zones increased by 2,400 mt from last Friday June 17 to 303,600 mt as of June 24, according to SMM survey.

SHANGHAI, Jun 24 (SMM) - Copper inventories in domestic bonded zones increased by 2,400 mt from last Friday June 17 to 303,600 mt as of June 24, according to SMM survey. The inventory in the Shanghai bonded zone rose by 1,200 mt to 271,500 mt WoW, and that in Guangdong added 1,200 mt to 32,100 mt WoW. Last week, shipments flowing in and out of the bonded warehouses increased. Spot imports have remained profitable since two weeks ago. Domestic importers have actively moved the goods in the bonded warehouses into China, including many non-standard and unregistered goods. Last week, goods arrived at ports in a centralised way, so the arrival increased WoW.


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