The slight decline was in line with importers expectations as most Chinese buyers did not place spot orders in August. Arrivals of anode, refined metal, alloy and semi-finished copper products totaled 355,856 tonnes in August, the second-lowest this year. In July, the amount was 366,548 tonnes.
In an indication of weaker demand in August, bonded refined copper stocks in Shanghai rose to about 650,000 tonnes in early September from about 620,000 tonnes a month earlier, traders estimated.
The stocks traded at premiums of $30 to $80 over the cash London Metal Exchange prices last week, down from $50 to$80 late in July, traders said. Via
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