[metal week inventory] Global copper stocks fell sharply LME aluminum stocks increased by 16825 tons

As of April 15 Friday, SMM China copper inventory across major markets in China added 4,000 mt from Monday April 11 to 139,300 mt, down slightly by 1,000 mt from last Friday. The weekly inventory dropped again after a short increase last week. Compared with the domestic inventory recorded on Monday, the local stocks all added except for Shanghai during this period.

As of Friday, April 8, SMM copper inventory across mainstream regions in the country achieved the first weekly rise since March 4, with an increase of 3400 mt to 140300 mt compared with Wednesday April 6, and a slight increase of 2600 mt compared with last Friday.

The social inventory of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin dropped 3,200 mt from Friday March 11 and rose 9,800 mt from Monday March 7 to 119,000 mt as of March 14.

Total zinc inventories across seven Chinese markets stood at 125,300 mt as of December 10, down 6,300 mt from December 6 and 4,800 mt from December 3.

Moderna's CEO warn that the effectiveness of the current vaccine will drop significantly against the Omicron variant COVID-19, which drove up the risk aversion sentiments across the global market.

This is a roundup of China's metals weekly inventory as of November 26.

SMM data showed that China's social inventories of aluminium across eight consumption areas rose 70,000 mt on the week to 957,000 mt as of October 21.

As of Friday October 15, the copper inventory in the mainstream Chinese market fell 7,200 mt from Monday October 11 to 105,200 mt. The decrease was mainly contributed by Guangdong, Shanghai and Jiangsu, whose inventory fell 5,200 mt, 4,300 mt and 800 mt to 9,300 mt, 75,700 mt and 12,500 mt, respectively.

China's inventory of primary aluminium, including SHFE warrants, shrank to 2.15 million mt as of Monday May 14, according to SMM data.

Market sentiment remained buoyant even after rebar spot prices slumped as traders were keen to destock. Transactions were few across several markets in China on Wednesday May 9