sldmd
/ 86.45.142.* / 2009-11-06 12:35
Copper Inventories in Shanghai Expand to Biggest in Five Years
Nov. 6 (Bloomberg) -- Shanghai copper stockpiles climbed for a second week to the highest in more than five years, the Shanghai Futures Exchange said in a report on its Web site.
Inventories of the metal expanded 1,440 metric tons, or 1.4 percent, to 104,275 tons this week, based on a survey of five warehouses monitored by the exchange. This is the highest level since April 2004.
Stockpiles of aluminum increased for a fourth week, by 10,983 tons to 272,618 tons, the highest since at least 2003, based on a survey of 11 warehouses in Shanghai, Guangdong, Wuxi and Hangzhou, the exchange said.
Zinc stockpiles expanded for a second week, by 8,311 tons to 153,847 tons, based on a survey of seven warehouses in Shanghai, Guangdong and Hangzhou, according to the report today. This is the highest level since the exchange started trading zinc futures in April 2007.