12月4日LME金属库存及注销仓单数据

Core Viewpoint - The report provides an overview of the changes in metal inventories at the London Metal Exchange (LME), highlighting fluctuations in stock levels for various metals including copper, aluminum, zinc, and tin, which may indicate market trends and potential investment opportunities. Group 1: Copper Inventory - Copper inventory decreased by 275 tons to 162,550 tons, reflecting a 0.17% decline [1] - Registered warrants for copper increased by 0.20% to 98,700 tons, while cancellations decreased by 0.74% to 63,850 tons, resulting in a cancellation ratio of 39.28% [2] - The inventory change across various locations shows a significant outflow, with 475 tons leaving the inventory [4] Group 2: Aluminum Inventory - Aluminum inventory decreased by 2,600 tons to 528,300 tons, a decline of 0.49% [1] - Registered warrants for aluminum stood at 485,400 tons, with cancellations at 42,900 tons, leading to a cancellation ratio of 8.12% [2] - The inventory at major locations like Port Klang and Rotterdam showed a decrease, indicating a tightening supply [5] Group 3: Zinc Inventory - Zinc inventory increased by 1,050 tons to 55,375 tons, marking a 1.93% rise [1] - Registered warrants for zinc rose to 50,300 tons, with no cancellations reported, resulting in a cancellation ratio of 9.16% [2] - The increase in inventory suggests a potential oversupply in the market [9] Group 4: Tin Inventory - Tin inventory decreased by 90 tons to 3,085 tons, a decline of 2.83% [1] - Registered warrants for tin were recorded at 2,790 tons, with cancellations at 562 tons, leading to a cancellation ratio of 9.56% [11] - The reduction in inventory may indicate a tightening market for tin [11]