Base metals stocks at Shanghai Futures Exchange-listed warehouses were broadly down on Friday September 21 compared with a week earlier, with copper stocks declining almost 18%.
Deliverable copper stocks at SHFE sheds fell by 23,537 tonnes or 17.5% to 111,029 tonnes in the week ended Friday. This week, SIPG Logistics saw the most stock leaving its warehouses - 13,213 tonnes of the red metal was delivered out of the firm's sheds.Spot demand for copper has risen quickly in recent weeks, reflected in rising premiums for the...