SHANGHAI, Oct 21 (SMM) - SMM survey showed that copper inventories in domestic bonded zones fell 3,600 mt from October 14 to 34,500 mt as of October 21. Inventory in the Shanghai bonded zone dipped 4,600 mt to 25,500 mt, and that in the Guangdong bonded zone grew 1,000 mt to 9,000 mt. The import window remained open this week, and the import profits stood at 300-400 yuan/mt. The demand for customs declaration drove the inflow of goods from the bonded warehouses into the domestic market, thus the inventory in Shanghai bonded zone continued to decrease WoW. Inventory in the Guangdong bonded zone rose slightly because of the continuous arrivals of imported copper and the low customs clearance efficiency.
