Copper Gained As Supply Concerns That Have Underpinned

Copper trading range for the day is 377.6-387.6. Copper gained as supply concerns that have underpinned copper have been exacerbated by floods in Peru, just ahead of the start of the second quarter. 

Shanghai bonded copper stocks are about 620,000 tonnes, according to CRU, up from around 550,000 tonnes a month ago.

Refined copper imports to China fell 29% year-on-year to 233,800 tonnes in February.

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