Copper Inventories in Shanghai Decline Most in 10 Months

Bloomberg reports that Copper stockpiles in Shanghai plunged the most in 10 months since December.

The market news is quoted as saying:

Inventories dropped 7.8 percent, declining for a sixth week, to 128,268 tons, based on a survey of 10 warehouses in Shanghai, the exchange said today. That’s the lowest level since the week to Dec. 23, according to exchange data. The tonnage decline of 10,808 tons was the largest drop since the week to June 24.

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