China copper inventories drop the fastest in 32 months

Aluminium stockpiles fell 8% over the week to 296,305 tonnes, their lowest since Jan. 23, while zinc inventories ea
29 May, 2020
  • Aluminium stockpiles fell 8% over the week to 296,305 tonnes, their lowest since Jan. 23, while zinc inventories eased 3.5% to near a four-month low of 107,445 tonnes.

Copper inventories in ShFE warehouses dropped 17.5% to 144,988 tonnes in the week to May 29, the fastest weekly drop in more than two and a half years, as China's economy ramps up after emerging from its coronavirus lockdown.

Lead inventories in ShFE warehouses rose 16.5% over the same period to 8,622 tonnes in the biggest jump since Feb. 14, the data showed.

Aluminium stockpiles fell 8% over the week to 296,305 tonnes, their lowest since Jan. 23, while zinc inventories eased 3.5% to near a four-month low of 107,445 tonnes.

Read Comments