Home / Metal News / Cancelled Warrants on LME Copper Account for Larger Proportion, Registered Warrants on the Decline

Cancelled Warrants on LME Copper Account for Larger Proportion, Registered Warrants on the Decline

iconJan 19, 2023 14:27
According to data released by the LME, cancelled warrants on LME copper has increased for 10 consecutive days to 28,350 mt, with the proportion rallying to 34.60%.

SHANGHAI, Jan 19 (SMM) – According to data released by the LME, cancelled warrants on LME copper have increased for 10 consecutive days to 28,350 mt, with the proportion rallying to 34.60%.

Registered warrants, by contract, fell to 53,575 mt, the lowest in more than two months. LME copper inventory has been falling slightly over the past two weeks, and currently stands at 81,925 mt, which is the lowest in the past year.

Inventory
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Related news