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Copper Inventories in Domestic Bonded Zones Up 1,800 mt from November 25

iconDec 2, 2022 16:06
Source:SMM
Copper inventories in the domestic bonded zone added 1,800 mt from November 25 to 28,400 mt on December 2, according to SMM survey.

SHANGHAI, Dec 2 (SMM) - Copper inventories in the domestic bonded zone added 1,800 mt from November 25 to 28,400 mt on December 2, according to SMM survey. Inventory in the Shanghai bonded zone grew 2,000 mt to 25,000 mt, while that in the Guangdong bonded zone dipped 200 mt to 3,400 mt. The expanding import losses this week were not conducive to customs clearance. Some traders converted the bills of lading into warrants and moved their goods into the bonded zone warehouses. At the same time, some smelters intended to export amid the export profits in the week. Some goods might flow into the INE warehouses amid the higher front-month BC contract prices.

Inventory

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