ICSG: Copper Inventory in Three Major Exchanges down 7.6% MoM in July

SHANGHAI, Aug 30 (SMM) – According to the monthly report released by the International Copper Study Group (ICSG), as of the end of July 2022, the copper stocks held at the three major metal exchanges (LME, SHFE and COMEX) totalled 233,300 mt, a month-on-month decrease of 7.6% from the 252,520 mt at the end of June. Meanwhile, the total inventory recorded an increase of 42,370 mt or 22% compared with that at the end of December 2021. Specifically, copper stocks were up at the LME (+48%) and COMEX (+2%) and down at SHFE (-3%).