Home / Metal News / Copper / Copper Inventories in Domestic Bonded Zones Up 2,000 mt from November 18
Copper Inventories in Domestic Bonded Zones Up 2,000 mt from November 18
Nov 25, 2022 17:22CST
Source:SMM
Copper inventories in the domestic bonded zones added 2,000 mt from November 18 to 26,600 mt as of November 25.

SHANGHAI, Nov 25 (SMM) - Copper inventories in the domestic bonded zones added 2,000 mt from November 18 to 26,600 mt as of November 25. Inventory in the Shanghai bonded zone grew 2,600 mt to 23,000 mt, and that in the Guangdong bonded zone dipped 600 mt to 3,600 mt. SHFE/LME copper price ratio was not conducive to imports this week, and the customs clearance slowed down. Some traders converted bills of lading into warrants and moved them into bonded warehouses to ship after the price ratio grew, pushing up the bonded zone inventories. 

Inventory

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news