Aluminium and nickel stocks in the bonded zone fell last month while zinc inventories recorded their seventh consecutive monthly increase owing to a closed arbitrage window and lackluster demand in China.
Copper stocks drop 5.9% month on month on favorable arb
Zinc inventories rise for seventh month in a row
Nickel stocks decline after import window opens
Aluminium inventories dip amid “regular fluctuations”
Cu stocks decline on favorable import arbitrage
Copper stocks in the Shanghai-bonded zone were down in May compared with April amid a more favorable arbitrage on bringing the metal from the bonded zone into China.
Fastmarkets MB assessed Shanghai-bonded copper stocks at 537,000-543,000 tonnes on Monday June 3, marking a decrease of 33,000-35,000 tonnes, or 5.9%, from the 572,000-576,000 tonnes recorded on May 6.
Copper stocks in the bonded zone have maintained relatively high levels throughout April and May after reaching...