SHFE STOCKS REPORT 29/05: Copper stocks plunge 17%; lead gains 16%

Deliverable stocks of base metals in Shanghai Futures Exchange-approved warehouses moved in different directions in the week to Friday May 29, with copper posting the biggest decline, while lead saw the biggest gains.

SHFE copper stocks stood at 144,988 tonnes on Friday, down by 30,837 tonnes, or 17.5%, from 175,825 tonnes the previous week. 
Copper inventories fell for the second straight week following a 16% fall last week, due to a continuing recovery in demand.

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