Copper inventory in Chinese Bonded Warehouses is reported 365000 MT (-8% monthly decrease), the lowest level in last 3.5 years! Also LME-SHFE is -30.5$. It means that it is economic for the traders to import copper to China.
Hence, premium of copper improved +80$ which is the superior premium of copper in last 8 months. This news is good for copper exporters of Iran, especially Iran National Copper Company.