Copper Inventories in China Bonded Zone Decreased This Week

SHANGHAI, Mar 24 (SMM) – As of Friday March 24, copper inventories in China’s bonded zones decreased 8,800 mt from March 17 to 191,800 mt, according to the latest SMM survey. Inventory in the Guangdong bonded zone dipped 1,500 mt to 13,500 mt, and inventory in the Shanghai bonded zone fell 7,300 mt to 178,300 mt.

Trading of seaborne copper under warrants picked up last week after the opening of the import window, growing shipments from bonded zone inventories. Arriving shipments under bill of lading, on the other hand, remained low.