SHANGHAI, Dec 10 (SMM) - The copper inventories in the domestic bonded zones dipped 8,300 mt from December 3 to 175,200 mt as of Friday December 10, the ninth consecutive week of decline, according to the most recent SMM survey.
The inventory in the Shanghai bonded zone decreased 7,800 mt to 161,800 mt, and the inventory in the Guangdong bonded zone dipped 500 mt to 13,400 mt.
The import window remained open this week, driving the importers to move their cargoes under warrants into the domestic market. Meanwhile, the arriving shipments decreased due to the lower efficiency of port operations, driving the further decline in the bonded zone inventory.
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