COMEX Copper Inventories (2017-8-23)

Published: Aug 24, 2017 10:32
The table below shows copper inventories on the COMEX on August 23.

SHANGHAI, Aug. 24 (SMM) –The table below shows copper inventories on the COMEX on August 23.

LME Base Metals Cash to 3-Month Backwardation/Contango (2017-8-23)

 

Inventories (short tonnes)

Date

Aug. 23

Aug. 22

Copper

180,139

180,121

 

SMM Price Outlook for Base Metals on SHFE (Aug. 24, 2017)

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Fuel Price Surge Pressures Chilean Copper Mining
1 hour ago
Fuel Price Surge Pressures Chilean Copper Mining
Read More
Fuel Price Surge Pressures Chilean Copper Mining
Fuel Price Surge Pressures Chilean Copper Mining
Rising diesel and gasoline prices in Chile are increasing operating costs for copper mining, particularly in transport and heavy equipment usage. Higher fuel costs are putting pressure on margins and project viability.
1 hour ago
Rio Tinto Advances Resolution Copper Project
1 hour ago
Rio Tinto Advances Resolution Copper Project
Read More
Rio Tinto Advances Resolution Copper Project
Rio Tinto Advances Resolution Copper Project
Rio Tinto plans to bring its Resolution copper project in Arizona into production by the mid-2030s, with expected lifetime output exceeding 40 billion pounds. The company has secured key land access and launched a $500 million drilling program.
1 hour ago
Rio Tinto's U.S. Copper Mine Is Expected to Begin Production in the Mid-2030s; Overnight LME Copper Closed Lower While SHFE Copper Edged Up [SMM Copper Morning Meeting Summary]
1 hour ago
Rio Tinto's U.S. Copper Mine Is Expected to Begin Production in the Mid-2030s; Overnight LME Copper Closed Lower While SHFE Copper Edged Up [SMM Copper Morning Meeting Summary]
Read More
Rio Tinto's U.S. Copper Mine Is Expected to Begin Production in the Mid-2030s; Overnight LME Copper Closed Lower While SHFE Copper Edged Up [SMM Copper Morning Meeting Summary]
Rio Tinto's U.S. Copper Mine Is Expected to Begin Production in the Mid-2030s; Overnight LME Copper Closed Lower While SHFE Copper Edged Up [SMM Copper Morning Meeting Summary]
SMM Morning Meeting Summary: Overnight, LME copper opened at $12,016.5/mt. After dipping to $11,955.5/mt in early trading, its center rose sharply to a high of $12,160/mt, and then continued to hover at highs, finally closing at $12,092.5/mt, down 1.05%. Trading volume reached 23,000 lots, open interest stood at 293,000 lots, up 406 lots from the previous trading day, mainly reflecting increased short positions overall. Overnight, the most-traded SHFE copper 2605 contract opened at 93,600 yuan/mt and touched a low of 93,480 yuan/mt at the open. Its center then moved higher to a high of 94,990 yuan/mt, after which copper prices maintained a fluctuating trend at highs, finally closing at 94,670 yuan/mt, up 0.17%. Trading volume reached 51,000 lots, open interest stood at 198,000 lots, down 533 lots from the previous trading day, mainly reflecting reduced short positions throughout the day.
1 hour ago
COMEX Copper Inventories (2017-8-23) - Shanghai Metals Market (SMM)