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Copper Stockpiles in Shanghai Fall From Highest in Five Years

SMM Daily Review (Sept. 25)

SHANGHAI, Sept. 28 -- Shanghai copper stockpiles declined 5.6 percent this week, falling from the highest since April 2004, the Shanghai Futures Exchange said in a report on its Web site.
&nbsp;&nbsp;&nbsp; Inventories of the metal, based on a survey of five warehouses monitored by the exchange, fell 5,559 metric tons to 98,689 tons this week, according to the report today.
&nbsp;&nbsp;&nbsp; Stockpiles of aluminum rose 761 tons to 229,788 tons, based on a survey of 11 warehouses in Shanghai, Guangdong, Wuxi and Hangzhou, the exchange said.
&nbsp;&nbsp;&nbsp; Zinc stockpiles fell 2,524 tons to 111,924 tons, based on a survey of seven warehouses in Shanghai, Guangdong and Hangzhou.
&nbsp;&nbsp;&nbsp; Rubber inventories expanded 6,584 tons to 98,253 tons, based on a survey of 10 warehouses in Shanghai, Shandong, Yunnan, Hainan and Tianjin, the exchange said.
&nbsp;&nbsp;&nbsp; (Source: Bloomberg) 
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