Copper Inventory in China Bonded Zone Up 16,200 mt on Week

SHANGHAI, Jan 7 – The copper inventories in the domestic bonded zones increased 16,200 mt from December 31 to 203,500 mt as of Friday January 7. The inventory rose more quickly.

Among them, the inventory in Shanghai bonded zone rose 13,000 mt to 177,500 mt, and that in Guangdong climbed 3,200 mt to 26,000 mt.

The import window was still closed this week, and the import losses were mostly 700 yuan/mt. Hence the imports remained at a low level, the outflows from the bonded zone reduced on the week. On the other hand, however, the arrivals from overseas rose, leading to palpable increase in the inventory in bonded zones.