LME Copper Inventory Stood below 80,000 mt, SHFE Copper Inventory Fell 13.74% Last Week

SHANGHAI, Dec 7 (SMM) - According to data released by the London Metal Exchange (LME), LME copper inventory declined to a nine-month low of 76,450 mt on November 30, and rebounded slightly. The latest LME copper inventory stood at 78,350 mt.

SHFE copper inventories declined 3.74% to 36,110 mt in the week ending December 3, a relatively low level in more than 12 years. The copper inventory on the Shanghai International Energy Exchange dipped 76 mt to 65,376 mt last week.

COMEX copper inventories remained largely unchanged, with the latest inventory level of 58,671 mt.