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 Shanghai saw the most stock leaving its sheds...

Published

Karen Ng

April 12, 2019

13:52 GMT

Singapore