http://www.zerohedge.com/news/2013-03-22/beijing-we-have-problem-warehoused-asian-copper-hits-record-high
Not just a record high, but 37% above the 2011 all time high and 90% above the three year average. And this despite the market being in deficit for 2012:
http://www.world-bureau.com/readnews.asp?id=13
asian warehouse copper at record high
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