Bloomberg News

Shanghai Copper Stockpiles Rise to Highest in Almost Four Months

January 06, 2012

Jan. 6 (Bloomberg) -- Copper stockpiles monitored by the Shanghai Futures Exchange climbed this week to the highest level in almost four months, while aluminum holdings were the largest in half a year, data from the bourse showed today.

Copper inventories rose 12,039 metric tons to 105,258 tons today, according to a survey of 10 warehouses in Shanghai, the exchange said on its website. That is the highest since the week ending Sept. 15, according to the exchange’s data compiled by Bloomberg.

Aluminum inventories gained for a fifth week, adding 13,658 tons to 221,624 tons, the highest since July, according to a survey of 20 warehouses in Shanghai, Guangdong, Jiangsu and Zhejiang provinces.

Zinc stockpiles gained 1,577 tons to 365,763 tons based on a survey of 15 warehouses in Shanghai, Guangdong and Zhejiang, while those for lead fell 736 tons to 29,850 tons, the lowest since April.

Natural-rubber inventories rose 900 tons to 33,874 tons, the highest since March, based on a survey of nine warehouses in Shanghai, Shandong, Yunnan, Hainan and Tianjin, the bourse said.

--William Bi. Editors: Richard Dobson, Ovais Subhani

To contact Bloomberg News staff for this story: William Bi in Beijing at wbi@bloomberg.net

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


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