China's metals inventories could more than double in the first quarter of 2020, according to a JP Morgan research note published on Thursday February 27.
The note also said that stockpiles of copper were expected to build up to about 2.5 times the average seasonal first-quarter volume seen over the past five years, because of sustained production and a lack of downstream demand.There were 310,760 tonnes of deliverable copper in SHFE sheds on February 28,...