BLBG:Copper Stockpiles in Shanghai Advance to Nine-Month High
Copper stockpiles monitored by the Shanghai Futures Exchange climbed to a nine-month high, data from the bourse showed today.
Inventories gained for a seventh consecutive week, rising 11,193 metric tons to 131,645 tons, the highest since April, according to a survey of 10 warehouses in Shanghai, the exchange said on its website.
Aluminum inventories also rose for a seventh consecutive week, up 10,498 tons to 237,425 tons, the highest since July, according to a survey of 20 warehouses in Shanghai, Guangdong, Jiangsu and Zhejiang provinces.
Zinc stockpiles added 2,291 tons to 369,698 tons, based on a survey of 15 warehouses in Shanghai, Guangdong and Zhejiang, while those of lead climbed for the first time in five weeks, rising 291 tons to 29,434 tons.
Natural-rubber inventories fell for the first time in six weeks, losing 120 tons to 34,149 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