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Home / Metal News / LME Base Metals Inventories (2017-10-17)

LME Base Metals Inventories (2017-10-17)

Oct 17, 2017 17:29

Source:SMM

The table below shows inventories of base metals on the LME on October 17.

SHANGHAI, Oct. 17 (SMM) – The table below shows inventories of base metals on the LME on October 17.

LME Base Metals Cash to 3-Month Backwardation/Contango (2017-10-16)

COMEX Copper Inventories (2017-10-16)

	Inventories (tonne)
	Oct. 17	Change
Copper	291,325	+6,300
Aluminum	1,212,225	-6,725
Zinc	271,850	-50
Lead	152,150	+175
Nickel	385,656	-132
Tin	2,040	-50

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base metals

copper

aluminum

zinc

nickel

inventories

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On the one hand, Teck Resources has signed an annual zinc concentrate contract with a 45% increase in TCs to $230/dmt. An escalation clause was included: if the prices of zinc exceed $3,800/mt, TCs will rise by $0.05/mt for every $1/mt increase in the prices of LME zinc, but if the zinc prices fall, TCs will remain unchanged (the same as the 20%/80% price sharing scheme in China).

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SMM Insight

Copper Prices were under Pressure due to the Stronger US Dollar Aroused by the Hawkish Speech of the US Fed

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SMM Insight

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May 10, 2018 15:05

SMM Comments

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May 9, 2018 15:57

SMM Comments

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May 4, 2018 09:57

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LME Base Metals Inventories (2017-10-17)

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