There have been ZERO deliveries, and there are still 2,380 futures contracts "standing" for delivery this month. With the banks being net long, and no deliveries out of COMEX, I think we're going to see some major fireworks (to the upside) as March progresses.

I thought the problem was that China was stockpiling and had huge amounts in warehouses, while outside of China was dry? The expectation would be that China would start selling rather than buying. Much of the surge in imports into China is being used to back financing and ultimately not to be used in manufacturing so there is an excess there and once the imbalance grows between stockpiles in China and empty warehouses outside the copper will start to flow the other way. They've done it before. Back in 2012 they started shipping out copper when the world supplies were low.