Data released by the London Metal Exchange (LME) shows that the proportion of registered warehouse receipts for Russian aluminum in July rose to 65%, while that of Indian aluminum fell to 33%. In July, the registered warehouse receipts for all aluminum stocks on the LME decreased by 23%, most of which were Indian aluminum.
The data indicates a slight increase in Russian aluminum registered warehouse receipts and a decrease in Indian aluminum. Prior to May, the LME had banned the creation of new warehouse receipts for Russian aluminum, copper, and nickel. Market participants stated that most aluminum entered warehouses in Malaysia in May.
The LME reported that the proportion of registered warehouse receipts for Russian copper in July decreased to 21%, while that of Chinese copper increased to 53%. China's refined copper exports increased in June.
Additionally, the proportion of registered warehouse receipts for Russian nickel in July fell to 24%, while that of Chinese nickel rose to 35%. The LME has been working to increase the liquidity of nickel contracts, attracting new listed brands from China and Indonesia.
![Preços elevados do cobre suprimem as compras a jusante; taxa de operação e novos pedidos continuam em declínio [Análise Semanal do Mercado de Fios Esmaltados SMM]](https://imgqn.smm.cn/usercenter/mPNrH20251217171709.jpg)
