Copper Inventories in Domestic Bonded Zones Dip 4,800 mt from October 21

SHANGHAI, Oct 28 (SMM) - SMM survey showed that copper inventories in domestic bonded zones fell 4,800 mt from October 21 to 29,700 mt as of October 28. Inventory in the Shanghai bonded zone dropped by 4,000 mt to 21,500 mt, and that in the Guangdong bonded zone declined by 800 mt to 8,200 mt. On one hand, the bonded zones witnessed limited arrival of imported copper. On the other hand, some importers shipped goods from bonded warehouses to the domestic market amid the historically low social inventory in China.