LME Base Metals Inventories (2017-10-11)

Published: Oct 11, 2017 16:22
The table below shows inventories of base metals on the LME on October 11.

SHANGHAI, Oct. 11 (SMM) – The table below shows inventories of base metals on the LME on October 11.

SHFE Base Metals Warrants (2017-10-11)

 

Inventories (tonne)

 

Oct. 11

Change

Copper

286,925

-2,950

Aluminum

1,234,025

-5,025

Zinc

267,325

+6,550

Lead

153,675

-900

Nickel

383,148

-672

Tin

1,995

unchanged

 

LME Base Metals Cash to 3-Month Backwardation/Contango (2017-10-10)

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 limited. 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 for 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
COMEX copper prices in New York hit a record high, and the US siphon effect continues to intensify.
12 mins ago
COMEX copper prices in New York hit a record high, and the US siphon effect continues to intensify.
Read More
COMEX copper prices in New York hit a record high, and the US siphon effect continues to intensify.
COMEX copper prices in New York hit a record high, and the US siphon effect continues to intensify.
On August 26, COMEX copper futures for September delivery once rose 1.8% to $6.7270/lb (about $14,830/mt), surpassing the previous record of $6.7140/lb set on August 12 and hitting a new all-time high. LME three-month copper futures rose to $14,437/mt, approaching the historical highest price of $14,527.5/mt set in January, with the COMEX-LME price spread at about $500/mt. Market expectations that the US may impose a 15% tariff on copper cathode from January 2027 (rising to 30% from 2028) have been disrupting global copper trade flows. Data showed that the US imported 889,800 mt of copper cathode in H1 2026, up 2.1% YoY, while 2025 was the year with the highest imports on record at 1.6544 million mt for the full year. As of August 24, COMEX copper inventories had reached a record 676,104 mt. If US imports maintain their current growth rate, copper markets outside the US will actually face a supply deficit.
12 mins ago
The SHFE/LME price ratio is inverted and the backwardation structure widens, downstream purchase willingness is weak [SMM Yangshan spot copper]
42 mins ago
The SHFE/LME price ratio is inverted and the backwardation structure widens, downstream purchase willingness is weak [SMM Yangshan spot copper]
Read More
The SHFE/LME price ratio is inverted and the backwardation structure widens, downstream purchase willingness is weak [SMM Yangshan spot copper]
The SHFE/LME price ratio is inverted and the backwardation structure widens, downstream purchase willingness is weak [SMM Yangshan spot copper]
42 mins ago
【SMM Flash】Russia Amends Sulphur Export Ban, Allows Export of 300,000 Tonnes of Low-Grade Technical Sulphur (Grade 7000)
49 mins ago
【SMM Flash】Russia Amends Sulphur Export Ban, Allows Export of 300,000 Tonnes of Low-Grade Technical Sulphur (Grade 7000)
Read More
【SMM Flash】Russia Amends Sulphur Export Ban, Allows Export of 300,000 Tonnes of Low-Grade Technical Sulphur (Grade 7000)
【SMM Flash】Russia Amends Sulphur Export Ban, Allows Export of 300,000 Tonnes of Low-Grade Technical Sulphur (Grade 7000)
According to Russian Government Decree No. 1059 dated August 21, 2026, amending Government Decree No. 785 dated June 25, 2026 (on the introduction of a temporary ban on the export of certain types of sulphur from the Russian Federation), the key provisions are as follows: New Exemption: The temporary ban does not apply to low-grade technical sulphur (grade 7000), classified under EAEU HS codes 2503 00 100 0 and 2503 00 900 0. Export Quota: Exports of the above category shall not exceed 300,000 tonnes. Licensing Requirement: Exports are permitted only on the basis of a permit issued by the Ministry of Industry and Trade of the Russian Federation. Enforcement Basis: For the purpose of applying the temporary ban, the EAEU HS code shall be the sole criterion; the product name is provided for reference only. Effective Date: This decree enters into force on the date of its official publication. Beyond this newly added exemption, the temporary ban on sulphur exports from Russia remains in full effect.
49 mins ago