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Copper Inventories in Domestic Bonded Zones Dipped 39,900 mt from Last Friday
Sep 30, 2022 17:13CST
Source:SMM
Copper inventories in domestic bonded zones fell 39,900 mt from September 23 to 58,700 mt as of September 30, according to the SMM survey.

SHANGHAI, Sep 30 (SMM) - Copper inventories in domestic bonded zones fell 39,900 mt from September 23 to 58,700 mt as of September 30, according to the SMM survey. Inventory fell for the 14th consecutive week, hitting a new low since SMM statistics. Inventory in the Shanghai bonded zone dropped 35,100 mt to 46,700 mt, and that in the Guangdong bonded zone fell 4,800 mt to 12,000 mt. The import window opened this week, and some banks seized the chance and were actively handling the goods in Shanghai and Guangzhou bonded warehouses, which led to a sharp decline in the inventory.

Inventory

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