SHANGHAI, May 17 (SMM) – Copper stocks across Shanghai bonded areas fell 3,000 mt from a week ago to stand at 582,000 mt as of Friday May 17, SMM data showed.
Bonded copper stocks extended their declines as cargoes entered the domestic market in an open arbitrage window.
With low Yangshan premiums pointing to weak demand, imported copper that entered the domestic market was limited.
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