#usthreemajorindexespostweeklylosses Copper stocks monitored by the three major futures exchanges rose by 59 kt this week, the first increase in ten weeks, lifting combined inventories back above 1 million tonnes. Inflows were recorded across all three
exchanges, led by the LME with a 33.6 kt increase, followed by SHFE at 19.8 kt, while COMEX stocks rose by another 5.7 kt, marking a 19th consecutive weekly increase.
The bulk of global exchange-monitored copper inventories remains concentrated in COMEX warehouses, which now account for 67% of the total, down from 71% last week. After nine consecutive weeks of falling combined inventories, the latest increase offers some tentative relief to an otherwise tight visible supply picture, although the continued concentration of metal in the US remains a key feature of the market$COPPER $MRVLB $AXTIB
exchanges, led by the LME with a 33.6 kt increase, followed by SHFE at 19.8 kt, while COMEX stocks rose by another 5.7 kt, marking a 19th consecutive weekly increase.
The bulk of global exchange-monitored copper inventories remains concentrated in COMEX warehouses, which now account for 67% of the total, down from 71% last week. After nine consecutive weeks of falling combined inventories, the latest increase offers some tentative relief to an otherwise tight visible supply picture, although the continued concentration of metal in the US remains a key feature of the market$COPPER $MRVLB $AXTIB