Deliverable stocks for all base metals except tin and nickel in Shanghai Futures Exchange-approved warehouses soared in the week to Friday February 14 because downstream operations have not fully resumed after the Lunar New Year holiday due to the outbreak of the novel coronavirus (2019-nCoV) in China.
Copper registered the biggest inflow of 56,484 tonnes or 27.4%, taking total SHFE-approved stocks to 262,738 tonnes on Friday. Shanggang Logistics in Shanghai registered the biggest inflow of copper this week, with 16,240 tonnes...