Copper stocks in China's bonded zones increased 30,000 metric tons (tonnes) in April, due to the slowdown in domestic demands, market watcher Shanghai Metals Market (SMM) reported on Tuesday.
The sluggish demand and the stock outflow from Shanghai Futures Exchange (SHFE) warehouses led to the rise in copper stocks of the bonded zones, said analysts. In May-September last year, as aftermath of the fraud loans financing metal imports in east China's Qingdao port, copper stocks in China's bonded zones fell 240,000 tonnes, said the SMM.
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