Shanghai bonded copper stocks fall closer to 2015 low on arb business

Copper stocks at Shanghai bonded warehouses continued to decline on Monday May 18, falling closer to Fastmarkets' all-time low of 250,000 tonnes, which was posted in October 2015.

Fastmarkets assessed Shanghai bonded copper stocks at 250,000-260,000 tonnes on May 18, down by 13.9% from 291,000-301,000 tonnes on May 4.
The opening of an arbitrage window between Shanghai and London boosted import activity and explained the continuous decline in Shanghai bonded copper stocks, Fastmarkets understands.

“The...

Published

Sally Zhang

May 18, 2020

14:00 GMT

Shanghai