China's copper stocks continued to slip for the fourth consecutive week in Shanghai Futures Exchange warehouses.
Copper inventories stood at 142,671 mt Friday, down 17% week on week, the latest weekly data from the Chinese bourse showed.
The fall was mainly due to lower stock volumes at the warehouses in Shanghai and Jiangsu.
There are four locations for these warehouses. The other two locations are Guangdong and Zhejiang.
Stocks in Shanghai warehouses fell to 113,421 mt Friday, down 19% from last Friday and Jiangsu lost 64.4% week on week to 2,570 mt.
Guangdong saw a 4.7% gain to 26,179 mt, while Zhejiang remained steady at 501 mt.
