SHFE STOCKS REPORT 11/10: Base metals inventories broadly up on post-holiday activity

All base metal stocks in Shanghai Futures Exchange-approved warehouses, except tin, rose in the week to Friday October 11, after trading activity resumed following the end of the week-long Golden Week holiday in China.

Copper stocks registered the largest increase in percentage terms, rising by 13.9% or 16,401 tonnes from September 30, to 134,509 tonnes as of Friday.

The largest inflow in copper inventories was registered at Zhongchu Wusong warehouse in Shanghai, at 5,165 tonnes or 31.2% of its stocks. This brought its copper stocks to 21,725 tonnes.

Tin was the only base metal to record a drop in stocks on Friday, edging down by just 26 tonnes to 4,489 tonnes...


Ellie Wang

October 11, 2019

14:47 GMT