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Home / Metal News / 22 May LME copper write-off warehouse receipt continued to reduce 1.85 per cent write-off receipt proportion continued to fall to 7.06 per cent

22 May LME copper write-off warehouse receipt continued to reduce 1.85 per cent write-off receipt proportion continued to fall to 7.06 per cent

May 22, 2019 16:23

Source:SMM

SMM News: the following is the London Metal Exchange (LME) May 22 base metal write-off warehouse receipt situation:

Write off warehouse receipts

copper

aluminum

lead

zinc

nickel

tin

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Last week, the US Fed announced that it may begin to shrink the balance sheet at the next meeting in May. The pace will be accelerated to a monthly reduction of $95 billion.

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

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Total zinc inventories across seven Chinese markets stood at 268,900 mt as of February 21, up 5,800 mt from Friday February 18, and 14,600 mt from Monday February 14.

Feb 21, 2022 13:40

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Zinc Social Inventories Up 5,800 mt over Weekend

SMM Morning Comments (Feb 18): SHFE Base Metals Mostly Edged Up Overnight on Lower Inventories

Shanghai base metals mostly closed with gains overnight on lower inventories. Their counterparts on LME closed mixed on Thursday.

Feb 18, 2022 10:28

SMM Comments

SMM Morning Comments (Feb 18): SHFE Base Metals Mostly Edged Up Overnight on Lower Inventories

SMM Evening Comments (Feb 17): Shanghai Nonferrous Metals Closed Mixed amid Uncertainties Haunting Russia-Ukraine Issue

Shanghai nonferrous metals closed mixed as uncertainties surrounding Russia-Ukraine issue were still the biggest concern of the market, which might impact the commodity market as well as the European economic development prospect.

Feb 17, 2022 19:00

SMM Comments

SMM Evening Comments (Feb 17): Shanghai Nonferrous Metals Closed Mixed amid Uncertainties Haunting Russia-Ukraine Issue

SMM Morning Comments (Feb 14): Base Metals Mostly Closed with Losses on Friday Night under High Inflation Pressures

Shanghai base metals mostly closed with losses in the overnight trading last Friday as the US inflation hit a nearly 40-year high. LME metals performed similarly.

Feb 14, 2022 10:07

SMM Comments

SMM Morning Comments (Feb 14): Base Metals Mostly Closed with Losses on Friday Night under High Inflation Pressures

SMM Morning Comments (Feb 10): Base Metals Closed with Gains as Market Awaits US CPI

Shanghai and LME metals all closed in the positive territory as the market awaits the US CPI, which is expected to record the fastest growth in 40 years.

Feb 10, 2022 10:00

SMM Comments

SMM Morning Comments (Feb 10): Base Metals Closed with Gains as Market Awaits US CPI

SMM Evening Comments (Jan 28): Shanghai Nonferrous Metals Closed Mixed in the Last Trading Day ahead of CNY

Shanghai nonferrous metals closed mixed in the last trading day ahead of the Chinese New Year. The market was basically in the holiday mood, while the better-than-expected US GDP reading for the past quarter aroused some discussions.

Jan 28, 2022 19:00

SMM Comments

SMM Evening Comments (Jan 28): Shanghai Nonferrous Metals Closed Mixed in the Last Trading Day ahead of CNY

SMM Morning Comments (Jan 25): SHFE Base Metals Fell across the Board Overnight, Nickel Slumped 6.88%

Shanghai base metals fell across the board overnight after the investors left the market with profits. LME metals performed similarly on Tuesday.

Jan 25, 2022 09:51

SMM Comments

SMM Morning Comments (Jan 25): SHFE Base Metals Fell across the Board Overnight, Nickel Slumped 6.88%

SMM Morning Comments (Jan 24): SHFE Base Metals Closed Mixed on Friday ahead of the US Fed Interest Meeting

Shanghai base metals closed mixed on Friday night ahead of the US Fed’s interest meeting. LME metals basically dropped in the trading on Friday.

Jan 24, 2022 09:54

SMM Comments

SMM Morning Comments (Jan 24): SHFE Base Metals Closed Mixed on Friday ahead of the US Fed Interest Meeting

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Shanghai nonferrous metals mostly closed with gains amid rising commodity prices including crude oil. While the first press conference held by the People’s Bank of China in 2022 put forward the theme of “stability” with paramount importance.

Jan 19, 2022 19:00

SMM Comments

SMM Evening Comments (Jan 19): Shanghai Nonferrous Metals Mostly Closed with Gains amid Rising Commodity Prices

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22 May LME copper write-off warehouse receipt continued to reduce 1.85 per cent write-off receipt proportion continued to fall to 7.06 per cent

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit