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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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