China Copper Stockpiles Rise for First Week in Three
Source: China Mining 04/12/2010

Copper stockpiles monitored by the Shanghai Futures Exchange rose for the first time in three weeks, jumping 10%.

Stockpiles of the metal increased 15,949 metric tons to 169,538 tons, based on a survey of six warehouses in Shanghai, the exchange said. They expanded to the highest level since at least 2003 in the week ended March 19.

Inventories of aluminum rose by 2,148 tons to 413,008 tons, based on a survey of 11 warehouses in Shanghai, Guangdong, Jiangsu and Zhejiang, the exchange said in a statement today on its website. That's the highest level since at least 2003, according to data compiled by Bloomberg. Holdings have risen every week since Dec. 3, excluding periods when the exchange was closed for holidays.

Zinc stockpiles grew 4,148 tons to 248,440 tons, based on a survey of eight warehouses in Shanghai, Guangdong and Zhejiang, the exchange said. That's the highest level since April 2007, when the contract was launched.