SHFE STOCKS REPORT 12/04: Copper stocks drop 5% on tightening supplies

Copper stocks held in Shanghai Futures Exchange-approved warehouses dropped by 5% week on week as of Friday April 12 on tightening supplies.

Deliverable copper stocks at SHFE-approved warehouses have fallen by 12,142 tonnes since April 4 to reach 245,178 tonnes as of this Friday.
This week’s sharp drop follows a fall of 4,092 tonnes on April 4, before which stocks had been climbing.

Zhonghai Huadong Baoshan warehouse in...

Published

Karen Ng

April 12, 2019

13:52 GMT

Singapore