Shanghai copper stocks fall to 6-month low

Shanghai 30 July 2010 09:01

Copper stocks on the Shanghai Futures Exchange (SHFE) fell to a six-month low this week in a still-tight spot market, sending the benchmark November contract higher on Friday. Deliverable copper stocks in SHFE-monitored warehouses dropped by 8.3% or 9,415 tonnes to 104,507 tonnes this week, with 11,431 tonnes withdrawn and 2,016 tonnes delivered. SHFE November copper ended at 56,280 yuan ($8,292) per tonne, up 50 yuan from Thursday and...


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