Shanghai-bonded copper stocks extend decline by 7,500 mt on week

SHANGHAI, Aug 30 (SMM) – Copper stocks across Shanghai bonded areas this week continued their slide that began from May, showed an SMM survey.

Stocks shrank 7,500 mt from a week ago and 244,000 mt from April 26, to stand at 344,000 mt as of Friday August 30. This marked the seventeenth consecutive week of decline.