LME铜库存降22% 降至六个月低点

Core Viewpoint - The copper inventory at the London Metal Exchange (LME) is significantly declining, with a 22% drop to its lowest level in six months, driven by traders moving copper to the United States in anticipation of potential tariffs on refined copper [1] Group 1: Inventory Changes - LME on-warrant copper inventory decreased to 89,725 metric tons, down from 115,150 metric tons, marking the lowest level since July 10 of the previous year [1] - The decline in inventory follows a notification from traders to LME about plans to withdraw 30,200 tons of copper, primarily from warehouses in South Korea and Taiwan [1] Group 2: Market Dynamics - The expectation of the U.S. imposing tariffs on refined copper later this year has led traders to continue transferring copper inventory from LME warehouses to the U.S. [1] - U.S. copper prices are currently at a premium, which is attracting significant copper inflow [1] Group 3: U.S. Inventory Surge - Concurrently, copper inventory at U.S. COMEX warehouses has surged by 444% over the past 12 months, reaching 520,441 short tons [1]