Shanghai bonded copper stocks increased after two weeks of declines

Publicado: Mar 20, 2020 11:10
Stocks of copper across Shanghai bonded area rose this week, after declining for two consecutive weeks, as trades were muted after import losses widened on a lower ratio of SHFE copper prices to LME prices.  SMM data showed that Shanghai bonded copper stocks increased 7,000 mt in the week ended March 20 to 340,000 mt. The bonded stocks shrank 5,300 mt over the fortnight as of March 13.

SHANGHAI, Mar 20 (SMM) – Stocks of copper across Shanghai bonded area rose this week, after declining for two consecutive weeks, as trades were muted after import losses widened on a lower ratio of SHFE copper prices to LME prices. 

 

SMM data showed that Shanghai bonded copper stocks increased 7,000 mt in the week ended March 20 to 340,000 mt. The bonded stocks shrank 5,300 mt over the fortnight as of March 13.

 

Copper cathode shipments outside China are closely watched as many countries have put in place more stringent efforts to contain spreading of the COVID-19 pandemic worldwide.

 

Declaração sobre a Fonte de Dados: Com exceção das informações publicamente disponíveis, todos os demais dados são processados pela SMM com base em informações publicamente disponíveis, comunicação de mercado e com base no modelo de base de dados interna da SMM. São apenas para referência e não constituem recomendações para a tomada de decisão.

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Shanghai bonded copper stocks increased after two weeks of declines - Shanghai Metals Market (SMM)