Copper stocks in Shanghai Futures Exchange-approved warehouses fell to 256,030 tonnes in the week to Friday June 8, down 6% or 16,224 tonnes from last week's 272,254 tonnes.
This week, Zhongchu Lingang recorded the most copper stock withdrawals, with 5,478 tonnes leaving its sheds. "The decline in SHFE copper stocks was mainly due to the pick-up in restocking demand from downstream consumers," Xianfei Ji, analyst at Guotai Junan Futures,...