July 21 LME Metal inventory and cancellation Warehouse receipt data

Published: Jul 21, 2020 17:27

Source: Mandarin Finance and Economics

Save

"View more metal inventory information

July 21, LME copper inventory decreased by 4775 tons, aluminum inventory decreased by 6775 tons.

Inventory changes of each specific warehouse

Copper stocks decreased by 4775 tons, with Rotterdam and Kaohsiung leading the decline.

Aluminum stocks decreased by 6775 tons, mainly due to continued decline in Asian inventories

Lead stocks soared by 11175 tons, mainly due to inventory growth in Antwerp

Zinc stocks decreased by 650 tons, mostly from Baltimore and Singapore

Tin inventory decreased by 20 tons, with a drop from Los Angeles.

Nickel stocks increased by 468 tons due to inventory growth in Singapore

On July 21, LME copper warehouse receipts increased by 6.25%, and the proportion of cancelled warehouse receipts rose to 45.59%.

"Click to sign up for the 15th China International Copper Summit in 2020

Please indicate the company + name + main business if you apply to join the SMM Metal Exchange Group for details of the Code scanning consultation Summit.

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

13 hours ago

Aurubis Launches €190M CRH Facility in Hamburg for Advanced Metal Recycling

Aurubis commissioned the "Complex Recycling Hamburg (CRH)" I at its Hamburg site, a world-first facility with an investment of 190 million euros aimed at strengthening Europe's strategic metal recycling capabilities. The plant can process copper, lead, and sulfur simultaneously in a single production unit.

13 hours ago

KGHM Commits $8.55B to New Strategy, Targets Increased Copper and Silver Production by 2030

Poland's copper and silver producer KGHM adopted a new strategy on Friday, committing to invest more than 32 billion zloty ($8.55 billion) by 2030 while setting new production and profit targets.The plan, called "Strategy 2055+", targets payable copper production of 730,000 mt and silver production of 1,290 mt from 2026 to 2030.The company's chief executive officer, Remigiusz Paszkiewicz, said, "After 2035, we hope KGHM becomes a modern, multi-raw-material industrial group."He added that the company plans to build a new mine called "KGHM2.0" in Poland.

13 hours ago

Antofagasta Plans Q4 Environmental Application for Copper Exploration Expansion in Chile

An internal company document shows that Chilean copper miner Antofagasta plans to submit an environmental application in Q4 this year to expand exploration activities at its Encierro and Volcanes projects.The move marks an important step forward for two of Antofagasta’s long-term copper growth options. Currently, major global miners are racing to replenish their copper project pipelines, while in Chile, the top copper-producing country, they face challenges including permitting processes, water restrictions, and aging deposits.

13 hours ago