Copper stockpiles monitored by the Shanghai Futures Exchange climbed for a third week to the highest level in seven months, according to exchange data released Saturday.

Inventories added 481 metric tons to 132,647 tons, based on a survey of eight warehouses in Shanghai, the exchange said on its website. That is the highest level since the week ended June 18, according to Bloomberg data.

Aluminum stockpiles fell 8,581 tons to 434,020 tons, the lowest level in more than eight months, based on a survey of 18 warehouses in Shanghai, Guangdong, Jiangsu and Zhejiang provinces.

Zinc stocks expanded for a sixth week, adding 5,027 tons to a record 321,093 tons, based on a survey of 15 warehouses in Shanghai, Guangdong and Zhejiang, the bourse said.

Natural-rubber inventories declined 175 tons to 68,675 tons, based on a survey of 10 warehouses in Shanghai, Shandong, Yunnan, Hainan and Tianjin, the exchange said.

SOURCE: Bloomberg
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