SHANGHAI, Jan 15 (SMM) — Stocks of copper in Shanghai bonded areas increased on limited arrivals.
SMM data showed that the stocks rose 200 mt from the prior week to 353,500 mt as of Friday January 15.
The import window continued to close on week, with a loss of over 300 yuan/mt. The demand for customs declaration was low, while arrivals were also limited. The delay in shipping schedules led to the overall shortage of overseas arrivals. Those accounted for the stable situation in the copper bonded stocks this week.
