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The copper inventories in the domestic bonded zones dipped 5,700 mt from November 26 to 183,500 mt as of Friday December 3, the eighth consecutive week of decline, according to the most recent SMM survey.
As of Monday November 22, the copper inventory across major Chinese markets decreased 300 mt from a week earlier to 76,500 mt, the lowest for the year, according to SMM data.
The copper inventory across major Chinese markets increased 3,900 mt from Monday October 25 to 102,500 mt as of Friday October 29.
The copper inventories in domestic bonded zones decreased 3,900 mt from October 22 to 233,300 mt as of October 29, falling for three consecutive weeks, according to SMM survey.
As of Monday October 25, the copper inventory across major Chinese markets added 3,900 mt from last Friday to 98,600 mt, according to SMM data.