SHFE STOCKS REPORT 20/11: Copper stocks at lowest since 2015

Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouses showed significant divergences in the week to Friday November 20, with copper slumping by 18% and tin surging by 10%.

Copper stocks were at their lowest since Fastmarkets began to track SHFE copper inventories in 2015, according to Fastmarkets analyst Boris Mikanikrezai.

On a week-on-week basis, copper stocks in Shanghai Futures Exchange-registered warehouses declined the most in percentage terms, down by 18% or...

Published

Karen Ng

November 20, 2020

13:40 GMT

Singapore