Copper stocks in Shanghai bonded warehouses have increased from the all-time low recorded on June 1, following the closure of the import arbitrage window.
Fastmarkets assessed Shanghai bonded copper stocks at 217,000-227,000 tonnes on Monday June 15, up by 2.3% from 212,000-222,000 tonnes on June 1."The growth [in bonded stocks] makes sense because there has been no import...