Shanghai-bonded copper stocks dip below 400,000 mt

SHANGHAI, Jul 26 (SMM) – Copper stocks across Shanghai bonded areas continued to fall this week, declining 6,500 mt from a week ago to stand at 397,500 mt as of Friday July 26, showed SMM data.

This marked the 12th straight week of declines, down 190,500 mt from May 10 and down 44,200 mt from the end of the lunar Chinese New Year.

Fewer arrivals of seaborne materials accounted for the declines in bonded stocks.