Wider import losses slow declines in Shanghai-bonded copper stocks

SHANGHAI, Jun 28 (SMM) – Copper stocks across Shanghai bonded areas saw a smaller decline this week, as wider import losses lowered purchases, with signs of a weakening in Yangshan premiums.

Stocks declined 7,000 mt from a week ago to stand at 455,000 mt as of Friday June 28, compared with a drop of 20,000 mt in the week ended June 21, showed SMM data.