Copper Stockpiles in Shanghai Drop First in Four Weeks

Nov. 26 （Bloomberg） -- Copper stockpiles monitored by the Shanghai Futures Exchange declined for the first time in four weeks, according to data provided by the bourse today.

Inventories of copper dropped 4,124 metric tons to 122,612 tons, based on a survey of seven warehouses in Shanghai, the exchange said on its website.

Stockpiles of aluminum dropped for a third week to the lowest in more than six months, losing 13,593 tons to 462,040 tons, based on a survey of 12 warehouses in Shanghai, Guangdong, Jiangsu and Zhejiang, the exchange said.

Zinc stockpiles fell for the first time in ten weeks, down 7,854 tons to 295,575 tons from a record last week, based on a survey of nine warehouses in Shanghai, Guangdong and Zhejiang, the bourse said.

Natural rubber inventories rose for the ninth week in a row to a seven-month high, adding 1,015 tons to 62,011 tons, based on a survey of 10 warehouses in Shanghai, Shandong, Yunnan, Hainan and Tianjin, the exchange said.

--Helen Sun. Editors: Richard Dobson, Jake Lloyd-Smith.