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Copper Inventories in Domestic Bonded Zones Dipped 22,600 mt from Last Friday
Aug 19, 2022 15:53CST
Source:SMM
Copper inventories in domestic bonded zones decreased 22,600 mt from last Friday August 12 to 194,000 mt as of August 19, according to the SMM survey.

SHANGHAI, Aug 19 (SMM) - Copper inventories in domestic bonded zones decreased 22,600 mt from last Friday August 12 to 194,000 mt as of August 19, according to the SMM survey. Inventory in the Shanghai bonded zone dipped 21,000 mt to 170,800 mt, and that in Guangdong bonded zone fell 1,600 mt to 23,200 mt. Domestic output of copper cathode was reduced because of the power rationing, so the premiums surged. And the import window opened, stimulating the demand for imported copper. Importers actively moved goods from bonded warehouses to China, which led to a rapid decline in bonded zone inventory.

Inventory

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