Bloomberg News

Copper Stockpiles in Shanghai Advance to Two-Month High

December 30, 2011

(Adds zinc data in first paragraph.)

Dec. 30 (Bloomberg) -- Copper stockpiles monitored by the Shanghai Futures Exchange climbed to a two-month high, while zinc holdings declined to a nine-month low, data from the bourse showed today.

Inventories rose 10,936 metric tons to 93,219 tons, the highest since the week ending Oct. 14, according to a survey of 10 warehouses in Shanghai, the exchange said on its website. The storage declined 29 percent this year, the first annual fall since 2008.

Aluminum inventories gained for a fourth week, adding 16,025 tons to 207,966 tons, the highest since July, according to a survey of 20 warehouses in Shanghai, Guangdong, Jiangsu and Zhejiang provinces.

Zinc stockpiles fell 1,878 tons to 364,186 tons, the lowest since March, based on a survey of 15 warehouses in Shanghai, Guangdong and Zhejiang, while those for lead declined 4,170 tons to 30,586 tons, the lowest since April.

Natural-rubber inventories climbed for a third week, rising 1,365 tons to 32,974 tons, the highest since September, based on a survey of nine warehouses in Shanghai, Shandong, Yunnan, Hainan and Tianjin, the bourse said.

--Helen Sun. Editors: Richard Dobson, Ovais Subhani

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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