Shanghai Copper: lower level
As of May 10, 2019, cathode copper stocks on the Shanghai Futures Exchange stood at 194208 tons, down 17422 tons from the previous week. From a seasonal point of view, the current inventory has been maintained at a low level compared with the past five years.
As of May 15, 2019, LME copper stocks stood at 194250 tons, a decrease of 4400 tons from the previous trading day, accounting for 10.40 per cent of write-off warehouse receipts. From a seasonal point of view, the current inventory has been maintained at a low level compared with the past five years.
As of May 14, 2019, COMEX copper stocks stood at 32310 tons, unchanged from the previous trading day. From a seasonal point of view, the current inventory has been maintained at a low level compared with the past five years.
Shanghai Aluminum: average below
As of May 10, 2019, electrolytic aluminum stocks on the Shanghai Futures Exchange stood at 601362 tons, down 20545 tons from the previous week. From a seasonal point of view, current inventories remain at an average level compared with the last five years.
As of May 15, 2019, LME aluminium stocks stood at 1250250 tons, a decrease of 5200 tons from the previous trading day, accounting for 33.16 per cent of cancelled warehouse receipts. From a seasonal point of view, the current inventory has been maintained at a low level compared with the past five years.
As of May 13, 2019, the social inventory of electrolytic aluminum totaled 1.324 million tons, a decrease of 2.9 tons compared with the previous day. 278000 tons in Shanghai, 426000 tons in Wuxi, 66000 tons in Hangzhou, 290000 tons in Foshan, 58000 tons in Tianjin, 2000 tons in Shenyang and 81000 tons in Gongyi. Chongqing area 29000 tons.
Shanghai zinc: lower level
As of May 10, 2019, refined zinc stocks on the Shanghai Futures Exchange stood at 69788 tons, down 2302 tons from the previous week. From a seasonal point of view, the current inventory has been maintained at a low level compared with the past five years.
As of May 15, 2019, LME zinc stocks stood at 105000 tons, a decrease of 325 tons from the previous trading day, accounting for 14.33 per cent of write-off warehouse receipts. From a seasonal point of view, the current inventory has been maintained at a low level compared with the past five years.
As of May 13, 2019, the social inventory of refined zinc totaled 164300 tons, a decrease of 0.18 tons compared with the previous day; 51700 tons in Shanghai, 41600 tons in Guangdong, 62200 tons in Tianjin and 1900 tons in Shandong.
Shanghai lead: average level
As of May 10, 2019, refined lead stocks on the Shanghai Futures Exchange stood at 32194 tons, an increase of 3207 tons over the previous week. From a seasonal point of view, current inventories remain at an average level compared with the last five years.
As of May 15, 2019, LME lead stocks stood at 73700 tons, an increase of 100 tons over the previous trading day, accounting for 4.07 per cent of write-off warehouse receipts. From a seasonal point of view, the current inventory has been maintained at a low level compared with the past five years.
Shanghai nickel: lower level
As of May 10, 2019, nickel stocks on the Shanghai Futures Exchange stood at 9123 tons, down 351tons from the previous week. From a seasonal point of view, the current inventory has been maintained at a low level compared with the past five years.
As of May 15, 2019, LME nickel stocks stood at 167268 tons, a decrease of 1476 tons from the previous trading day, accounting for 38.30 per cent of write-off warehouse receipts. From a seasonal point of view, the current inventory has been maintained at a low level compared with the past five years.
Shanghai tin: higher level
As of May 10, 2019, the Shanghai Futures Exchange's tin inventory was 8477 tons, an increase of 1181 tons over the previous week. From a seasonal point of view, the current inventory has been maintained at a higher level than in the past five years.
As of May 15, 2019, LME tin stocks were 1095 tons, an increase of 205tons over the previous trading day, accounting for 37.44 per cent of write-off warehouse receipts. From a seasonal point of view, the current inventory has been maintained at a low level compared with the past five years.
Wu Anjun focused on quantitative research for the whole decade, developed a number of quantitative hedge systems and participated in the national futures competition to achieve steady profits. Good at finding the correct medium-and long-term multi-empty direction from the fundamentals of each variety, using the quantitative model to carry on the whole procedure transaction. On the basis of accurately grasping the general trend of the market, more accurately capture the entry point and exit point, often double or several times the profit effect.
Statement: Wu Anjun's point of view is shared with you and does not constitute investment advice for you. Operate accordingly, at your own risk! If you need major investment advice for other varieties, please call.
For guidance from Wu Anjun, please contact: Wu Tingting: 021 51595784 13795448891
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