SHANGHAI, Oct 16 (SMM) — Stocks of copper in Shanghai bonded areas increased for the eleventh consecutive week.
SMM data showed that the stocks expanded 21,000 mt from the prior week to 330,000 mt as of Friday October 16.
This week, the import arbitrage window remained closed with the sluggish demand for export. The traders shipped their cargoes to bonded warehouses after production has resumed. This also accounted for the sharp increase of bonded inventories.

![Diferença de preço entre contratos futuros já ultrapassou 800 yuans; compras downstream foram fracas e os prêmios spot caíram acentuadamente [SMM cobre spot do sul da China]](https://imgqn.smm.cn/usercenter/AbRbz20251217171711.jpg)
![Maior spread de preços entre contratos futuros reduz as compras; descontos à vista no norte da China se ampliam [SMM cobre à vista no norte da China]](https://imgqn.smm.cn/usercenter/FERSF20251217171712.jpg)

