Bloomberg News

China Copper Stocks Likely Rose 300,000 Tons in Q4: Barclays

February 07, 2012

Feb. 7 (Bloomberg) -- About 300,000 metric tons of copper was probably added to bonded warehouses and merchant inventory in China in the fourth quarter and stockpiles likely continued to expand this year, Barclays Capital said in a report.

“Even with the build in bonded and merchant copper inventory, we believe total Chinese inventory levels are lower than a year ago,” the bank said. “Even with much slower refined demand growth, and strong domestic mine production growth, China’s need for copper imports in one form or another will continue to grow this year.”

To contact the editor responsible for this story: Stuart Wallace at swallace6@bloomberg.net


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