The
inventories of Copper on LME warehouses have declined by 2.5 percent in
the last five days. The metal has been in a declining mode in last one
week even as inventories have remained in a downtrend. This is because
of the fact that inventories though down by 16150 tonnes has been at
1993 high levels. LME Copper three month prices was last seen at $ 7301
per tonne, against $ 7235 per tonne on 29 May 2013. Meanwhile,
on-warrants data in Shanghai was up by 300 tonnes to 52209 tonnes.Source by Commodity Insights
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