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.

 

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