Copper Stockpiles in Shanghai Drop, Zinc Falls From Record
Copper stockpiles monitored by the Shanghai Futures Exchange declined to near a 21-month low, while zinc inventories dropped from a record, according to data from the bourse.
Copper inventories fell 2,888 metric tons to 83,275 tons, according to a survey of 10 warehouses in Shanghai, the bourse said on its website. That’s near the 82,309 tons tallied two weeks ago, which was lowest level since August 2009.
Zinc inventories declined for the first time in more than six months, losing 125 tons to 401,875 tons, based on a survey of 15 warehouses in Shanghai, Guangdong and Zhejiang, the exchange said.
Aluminum stockpiles dropped for a thirteenth week, shrinking 10,541 tons to 308,635 tons, the lowest since January 2010, according to a survey of 20 warehouses in Shanghai, Guangdong, Jiangsu and Zhejiang provinces. Lead stockpiles gained 3,527 tons to 42,032 tons, data showed.
Natural-rubber inventories rose for a second week, adding 645 tons to 11,211 tons, based on a survey of 10 warehouses in Shanghai, Shandong, Yunnan, Hainan and Tianjin, the bourse said in the weekly report.
--Helen Sun. Editors: Jake Lloyd-Smith, Richard Dobson
To contact the reporter on this story: Helen Sun in Shanghai at hsun30@bloomberg.net
To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net
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