SHFE STOCKS REPORT 13/03: Copper inventory continues to climb; nickel stocks dive 5%

Copper recorded the largest percentage increase in stocks in Shanghai Futures Exchange-approved warehouses in the week ending Friday March 13, with inventories soaring by 10% week on week.

Copper stocks rose for the seventh consecutive week, with total inventories at 380,005 tonnes, up from 345,126 tonnes last week. China Reserve Shanghai Dachang Branch warehouse in Shanghai recorded the largest increase. Inventories there rose by 34.2% or 13,397 tonnes to 52,576 tonnes this week. According to market watchers, a lack of demand is the...

Published

Karen Ng

March 13, 2020

09:33 GMT

Singapore