Copper inventories at the warehouses monitored by the Shanghai Futures Exchange fell from the highest level in at least a decade, bourse data showed today.
Refined copper stockpiles dropped for the first time in four weeks, dropping by 5,648 metric tons to 241,943 tons, data from 15 warehouses in Shanghai, Zhejiang and Jiangsu provinces showed. The inventory was at 247,591 tons last week, the highest since Bloomberg started to compile the data in 2003.
Aluminum inventories increased 87 tons to 505,061 tons this week, according to a survey based on 20 warehouses.
Lead inventories expanded by 479 tons to 140,700 tons, while zinc stockpiles gained 678 tons to 323,203 tons, according to data posted on the exchange website.
Natural-rubber inventories fell 192 tons to 117,504 tons, down from the highest in three years last week, based on a survey of nine warehouses in Shanghai, Shandong, Yunnan, Hainan and Tianjin, the bourse said.
To contact Bloomberg News staff for this story: Feiwen Rong in Beijing at email@example.com
To contact the editor responsible for this story: Brett Miller at firstname.lastname@example.org