Bloomberg News

Copper Stockpiles in Shanghai Rise From Two-Year Low

December 09, 2011

(Adds aluminum in third paragraph.)

Dec. 9 (Bloomberg) -- Copper stockpiles monitored by the Shanghai Futures Exchange rebounded from the lowest level since July 2009, bourse data showed today.

Inventories gained for the first time in five weeks, adding 15,057 metric tons to 72,712 tons, according to a survey of 10 warehouses in Shanghai, the exchange said on its website. Metal in bonded warehouses dropped 551 tons to 8,288 tons.

Aluminum inventories gained 6,948 tons to 184,363 tons, the highest since July, according to a survey of 20 warehouses in Shanghai, Guangdong, Jiangsu and Zhejiang provinces.

Zinc stockpiles climbed 5,009 tons to 373,906 tons, based on a survey of 15 warehouses in Shanghai, Guangdong and Zhejiang, while those for lead gained 1,233 tons to 44,343 tons.

Natural-rubber inventories declined 1,790 tons to 27,159 tons, based on a survey of nine warehouses in Shanghai, Shandong, Yunnan, Hainan and Tianjin, the bourse said.

--Helen Sun. Editors: Richard Dobson, Jarrett Banks

To contact Bloomberg News staff for this story: Helen Sun in Shanghai at hsun30@bloomberg.net

To contact the editor responsible for this story: Richard Dobson at rdobson4@bloomberg.net


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