LME, SHFE and COMEX copper stocks all hit multi-month low, with SHFE copper stocks touching 14-year low

LME data showed that LME copper stocks fell overall last week. The latest stocks level was 174,250 mt, a new low in nearly a month.

SHFE data showed that SHFE copper stocks fell by 27.12% WoW to 26,149 mt as of December 1, which was the lowest level in over 14 years.

Last week, COMEX copper stocks fell to 18,845 mt, a new low in seven and a half months.