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Copper Stockpiles in Shanghai Drop for a Second Week

Copper stockpiles monitored by the Shanghai Futures Exchange declined for a second week, according to data provided by the bourse today.

Inventories of copper dropped 5,815 metric tons to 116,797 tons, based on a survey of seven warehouses in Shanghai, the exchange said on its website today.

Stockpiles of aluminum fell for a fourth week to the lowest in almost seven months, losing 18,226 tons to 443,814 tons, based on a survey of 12 warehouses in Shanghai, Guangdong, Jiangsu and Zhejiang, the exchange said.

Zinc stockpiles slipped for a second week, down 1,580 tons to 293,995 tons, based on a survey of nine warehouses in Shanghai, Guangdong and Zhejiang, the bourse said.

Natural-rubber inventories dropped for the first time in ten weeks, losing 6,665 tons to 55,346 tons, based on a survey of 10 warehouses in Shanghai, Shandong, Yunnan, Hainan and Tianjin, the exchange said.

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