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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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