SHANGHAI, Apr 23 (SMM) — Stocks of copper in Shanghai bonded areas increased on larger arrivals.
SMM data showed that the stocks rose 6,200 mt from the prior week to 389,700 mt as of Friday April 23.
At the end of the week, the spot import loss reached 1000 yuan/mt, and there was almost no import demand for customs declaration except for long-term contracts. The continuous inflow of goods into warehouses led to the continuous growth of copper stocks in the bonded area.
