Deliverable stocks of base metals in Shanghai Futures Exchange-approved warehouses all declined in the week ended Thursday April 30, with those for copper decreasing the most in percentage terms.
SHFE copper stocks totaled 230,956 tonnes on April 30, declining by 28,081 tonnes or 10.8% from 259,037 tonnes on April 24 amid continued supply disruptions and a recovery in demand.
This week, the Eight Three O Huangpu warehouse in Guangdong saw the largest outflow of copper stocks, with...