July 16 LME Metal inventory and cancellation Warehouse receipt data

Published: Jul 16, 2020 16:52

Source: Mandarin Finance and Economics

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On July 16th, LME copper inventory decreased by 6650 tons, while aluminum inventory increased by 4725 tons.

Inventory changes of each specific warehouse

Copper stocks decreased by 6650 tons, with more than half of the reduction coming from Rotterdam warehouses.

Aluminum inventory increased by 4725 tons, Johor warehouse surged by 8000 tons

Lead stocks fell by 25 tons, with a drop from Chicago warehouses.

Zinc inventory decreased by 450 tons, led by warehouse decline in Singapore

Tin stocks fell by 55 tons, mainly from warehouses in Los Angeles and Singapore

Nickel stocks increased by 180 tons, all from Singapore warehouses.

On July 16th, LME copper cancellation warehouse receipts decreased by 6.4%, while aluminum cancellation warehouse receipts increased by more than 3%.

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Inventory spot mining

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.

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