Copper Inventory in China Bonded Zone Dropped by 9,600 mt on Week

SHANGHAI, Jul 1 (SMM) - Copper inventories in domestic bonded zones fell by 9,600 mt from last Friday June 24 to 294,000 mt as of July 1, according to SMM survey. The inventory in Shanghai bonded zone decreased by 9,500 mt to 262,000 mt, while that in Guangdong fell by 100 mt to 32,000 mt. The import window opened in the past two weeks. Import profits enabled the importers to continuously declare customs of warrants at bonded warehouses this week, driving the bonded zone inventory to drop.