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Copper Stockpiles in Shanghai Rise to One-Month High

Dec. 16 (Bloomberg) -- Copper stockpiles monitored by the Shanghai Futures Exchange climbed to a one-month high, while aluminum holdings advanced to the most in five months, data from the bourse showed today.

Inventories rose 6,858 metric tons to 79,570 tons, the highest since the week ending Nov. 11, according to a survey of 10 warehouses in Shanghai, the exchange said on its website. Metal in bonded warehouses lost two tons to 8,286 tons.

Aluminum inventories gained 5,158 tons to 189,521 tons, the highest since July, according to a survey of 20 warehouses in Shanghai, Guangdong, Jiangsu and Zhejiang provinces.

Zinc stockpiles rose 268 tons to 374,174 tons, based on a survey of 15 warehouses in Shanghai, Guangdong and Zhejiang, while those for lead added 26 tons to 44,369 tons.

Natural-rubber inventories climbed 1,180 tons to 28,339 tons, based on a survey of nine warehouses in Shanghai, Shandong, Yunnan, Hainan and Tianjin, the bourse said.

To contact Bloomberg News staff for this story: Helen Sun in Shanghai at hsun30@bloomberg.net

To contact the editor responsible for this story: Richard Dobson at rdobson4@bloomberg.net

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