Copper stocks held in Shanghai Futures Exchange-approved warehouses dropped by 5% week on week as of Friday April 12 on tightening supplies.
Deliverable copper stocks at SHFE-approved warehouses have fallen by 12,142 tonnes since April 4 to reach 245,178 tonnes as of this Friday. This week's sharp drop follows a fall of 4,092 tonnes on April 4, before which stocks had been climbing. Zhonghai Huadong Baoshan warehouse in Shanghai saw the most stock leaving its sheds...