July 23rd LME Metal inventory and cancellation Warehouse receipt data

Published: Jul 23, 2020 16:32

Source: Mandarin Finance and Economics

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On July 23rd, LME copper inventory decreased by 1250 tons, while lead and zinc inventory continued to increase.

Inventory changes of each specific warehouse

Copper stocks fell by 1250 tons, mainly due to continued decline in Rotterdam stocks

Aluminum inventory decreased by 7800 tons, Asian inventory continued to decline

Lead stocks increased by another 10650 tons, with the largest increase in Antwerp

Zinc stocks increased by 16600 tons, with the largest increase in New Orleans.

Tin stocks decreased by 15 tons due to a drop in stocks in Los Angeles

Nickel stocks decreased by 36 tons and Rotterdam stocks decreased

On July 23rd, LME copper warehouse receipts increased by 9.27%, and the proportion of cancelled warehouse receipts rose to 61.09%.

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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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