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Cancelled Warrants on LME Copper Account for Larger Proportion, Registered Warrants on the Decline
Jan 19, 2023 14:27CST
Source:SMM
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.

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