Core Insights - The report provides an overview of the changes in LME (London Metal Exchange) inventories for various metals, highlighting significant fluctuations in stock levels and the implications for market dynamics [1][3][5]. Group 1: Copper Inventory Changes - LME copper inventory decreased by 225 tons, bringing the total to 155,050 tons, with registered warrants at 133,325 tons and cancelled warrants at 21,725 tons, representing a cancellation ratio of 14.01% [3][4]. - Specific locations such as Kaohsiung and Rotterdam showed minor changes, with Kaohsiung's inventory down by 175 tons and Rotterdam remaining stable [3]. Group 2: Aluminum Inventory Changes - LME aluminum inventory remained unchanged at 485,275 tons, with registered warrants at 375,025 tons and cancelled warrants at 110,250 tons, maintaining a cancellation ratio of 22.72% [5][6]. - The inventory at Port Klang was stable at 314,400 tons, while other locations like Kaohsiung and Rotterdam also reported no changes [5]. Group 3: Zinc Inventory Changes - LME zinc inventory decreased by 200 tons to 50,825 tons, with registered warrants at 35,450 tons and cancelled warrants at 15,375 tons, resulting in a cancellation ratio of 30.25% [9][10]. - The inventory in Singapore mirrored this trend, also decreasing by 200 tons [9]. Group 4: Tin Inventory Changes - LME tin inventory increased by 55 tons to 2,410 tons, with registered warrants at 2,185 tons and cancelled warrants at 225 tons, leading to a cancellation ratio of 9.34% [11][12]. - Locations such as Port Klang and Singapore also reported increases in inventory [11]. Group 5: Nickel Inventory Changes - LME nickel inventory rose by 3,024 tons to 221,094 tons, with registered warrants at 212,502 tons and cancelled warrants at 8,592 tons, resulting in a cancellation ratio of 3.89% [13]. - Significant increases were noted in locations like Singapore and Hring, contributing to the overall rise in nickel inventory [13].

Inventory Changes - Copper inventory decreased to 158,875 tons, with a change of -0.10% from the previous day, and registered warrants at 13,175 tons, accounting for 8.29% of total inventory [1][3] - Aluminum inventory remained stable at 481,050 tons, with registered warrants at 12300 tons, representing 2.56% of total inventory [1][5] - Zinc inventory decreased to 55,875 tons, with a change of -1.49%, and registered warrants at 13,025 tons, making up 23.31% of total inventory [1][9] - Tin inventory increased to 2,155 tons, with a change of +8.71%, and registered warrants at 220 tons, accounting for 10.21% of total inventory [1][11] - Nickel inventory rose to 209,844 tons, with a change of +0.14%, and registered warrants at 7,998 tons, representing 3.81% of total inventory [1][13] Warehouse Specific Changes - In Kaohsiung, copper inventory decreased by 150 tons to 54,000 tons, with registered warrants at 2,325 tons, accounting for 4.31% [3] - Rotterdam showed a stable aluminum inventory of 3,575 tons, with registered warrants at 2,450 tons, representing 31.47% [5] - Singapore's zinc inventory decreased to 55,775 tons, with registered warrants at 13,000 tons, making up 23.31% [9] - Tin inventory in Singapore increased to 500 tons, with registered warrants at 40 tons, accounting for 8.00% [11] - Nickel inventory in Kaohsiung increased by 300 tons to 45,030 tons, with registered warrants at 4,896 tons, representing 10.87% [13]

Group 1: Inventory Changes - Copper inventory increased by 1,100 tons, representing a 0.71% rise, with total inventory now at 156,100 tons [1][4] - Aluminum inventory rose by 3,175 tons, a 0.66% increase, bringing the total to 481,250 tons [1][5] - Zinc inventory decreased by 5,500 tons, a significant drop of 8.39%, resulting in a total of 60,025 tons [1][9] - Tin inventory increased by 145 tons, an 8.15% rise, with total inventory at 1,925 tons [1][11] Group 2: Registered and Cancelled Warehouse Receipts - For copper, registered warehouse receipts decreased by 0.28% to 142,850 tons, while cancelled receipts increased by 12.77% to 13,250 tons [2] - Aluminum registered receipts increased by 0.70% to 468,750 tons, with cancelled receipts decreasing by 0.79% to 12,500 tons [2] - Zinc registered receipts saw a slight decrease of 0.06% to 41,775 tons, with cancelled receipts dropping significantly by 23.08% to 18,250 tons [2] - Tin registered receipts increased by 10.77% to 1,800 tons, while cancelled receipts decreased by 19.35% to 125 tons [2] Group 3: Location-Specific Inventory Data - In Kaohsiung, copper inventory increased by 1,850 tons to 51,150 tons, while in Rotterdam, it decreased by 150 tons to 21,050 tons [4] - Aluminum inventory in Kaohsiung remained stable at 45,300 tons, while in Singapore, it was unchanged at 2,775 tons [5] - Zinc inventory in Singapore decreased by 5,500 tons to 59,925 tons, while in Hong Kong, it remained at 75 tons [9] - Tin inventory in Yang increased by 175 tons to 1,925 tons, with a notable increase in Singapore to 350 tons [11]

Group 1: Copper Inventory Changes - LME copper inventory decreased to 155,975 tons, a decline of 1.07% from the previous day [1][3] - Registered warehouse receipts for copper increased by 10.35% to 12,525 tons, while canceled receipts rose by 8.03% to 7,926 tons [1][3] Group 2: Aluminum Inventory Changes - LME aluminum inventory fell to 478,725 tons, a decrease of 0.00% from the previous day [1][5] - Registered warehouse receipts for aluminum decreased by 5.69% to 13,250 tons, with canceled receipts at 2.77% [1][5] Group 3: Zinc Inventory Changes - LME zinc inventory dropped to 68,075 tons, a decline of 2.56% [1][9] - Registered warehouse receipts for zinc decreased by 0.76% to 26,250 tons, while canceled receipts accounted for 38.56% [1][9] Group 4: Tin Inventory Changes - LME tin inventory increased to 1,785 tons, an increase of 2.74% [1][11] - Registered warehouse receipts for tin rose to 100 tons, with canceled receipts at 5.60% [1][11] Group 5: Nickel Inventory Changes - LME nickel inventory rose to 209,748 tons, an increase of 0.06% [1][13] - Registered warehouse receipts for nickel increased to 7,998 tons, with canceled receipts at 3.81% [1][13]

Group 1: Inventory Changes - Copper inventory remains unchanged at 156,350 tons, with a registered warrant of 145,000 tons and a cancellation of 11,350 tons, resulting in a cancellation ratio of 7.26% [1][4] - Aluminum inventory also remains stable at 479,525 tons, with a registered warrant of 465,475 tons and a cancellation of 14,050 tons, leading to a cancellation ratio of 2.93% [2][5] - Zinc inventory decreased by 1,875 tons to 69,375 tons, with a registered warrant of 42,925 tons and a cancellation of 26,450 tons, resulting in a cancellation ratio of 38.13% [1][9] - Nickel inventory increased by 252 tons to 209,598 tons, with a registered warrant of 201,624 tons and a cancellation of 7,974 tons, leading to a cancellation ratio of 3.80% [1][13] - Tin inventory increased by 25 tons to 1,740 tons, with a registered warrant of 1,640 tons and a cancellation of 100 tons, resulting in a cancellation ratio of 5.75% [1][11] Group 2: Regional Inventory Insights - In Rotterdam, copper inventory remains at 21,500 tons, with a registered warrant of 20,600 tons and a cancellation of 900 tons, leading to a cancellation ratio of 4.19% [4] - Singapore shows a significant increase in aluminum cancellations, with a cancellation ratio of 93.49% from a registered warrant of 3,950 tons [5] - Zinc inventory in Singapore also reflects a decrease, with a cancellation ratio of 38.15% from a registered warrant of 26,425 tons [9] - The inventory in Kaohsiung for aluminum remains stable at 45,300 tons, with no changes in registered or cancelled warrants [5] - The inventory in Hamburg for aluminum remains unchanged at 3,075 tons, with no registered or cancelled warrants [5]

Inventory Changes - Copper inventory decreased by 450 tons to 155,150 tons, reflecting a change of -0.29% [1] - Aluminum inventory remained stable at 479,525 tons with no change [1] - Zinc inventory decreased by 3,650 tons to 72,200 tons, showing a decline of -4.81% [1] - Nickel inventory decreased by 1,086 tons to 209,328 tons, a change of -0.52% [1] - Aluminum alloy inventory remained unchanged at 1,500 tons [1] - Tin inventory decreased by 25 tons to 1,630 tons, reflecting a change of -1.51% [1] Registered and Cancelled Warrants - Registered copper warrants decreased by 0.23% to 143,900 tons, while cancelled warrants decreased by 1.10% to 11,250 tons, resulting in a cancellation ratio of 7.25% [2] - Registered aluminum warrants decreased to 465,475 tons, with cancelled warrants at 14,050 tons, maintaining a cancellation ratio of 2.93% [2] - Zinc registered warrants increased by 3.96% to 43,600 tons, while cancelled warrants decreased by 6.08% to 28,600 tons, leading to a cancellation ratio of 39.61% [2] - Nickel registered warrants decreased to 199,320 tons, with cancelled warrants at 10,008 tons, resulting in a cancellation ratio of 4.78% [2] - Tin registered warrants decreased to 1,510 tons, with cancelled warrants at 120 tons, leading to a cancellation ratio of 7.36% [2] Location-Specific Inventory - Copper inventory at Changxing decreased by 50 tons to 48,100 tons, with registered warrants at 46,775 tons [4] - Aluminum inventory at Port Klang remained stable at 314,400 tons, with registered warrants at 306,250 tons [5] - Zinc inventory at Singapore decreased by 3,650 tons to 75,750 tons, with registered warrants at 43,525 tons [9] - Tin inventory at Port Klang remained stable at 1,220 tons, with registered warrants at 1,130 tons [11] - Nickel inventory at Kaohsiung decreased by 1,086 tons to 45,288 tons, with registered warrants at 40,122 tons [13]

Inventory Changes - Copper inventory decreased by 200 tons to 155,600 tons, reflecting a change of -0.13% [1] - Aluminum inventory decreased by 25 tons to 479,525 tons, with a change of -0.01% [1] - Zinc inventory decreased by 475 tons to 75,850 tons, showing a change of -0.62% [1] - Nickel inventory decreased by 1,248 tons to 210,414 tons, with a change of -0.59% [1] - Lead inventory decreased by 625 tons to 260,475 tons, reflecting a change of -0.24% [1] - Tin inventory remained unchanged at 1,655 tons [1] Registered and Cancelled Warrants - Registered copper warrants decreased by 1,375 tons to 144,225 tons, with a cancellation rate of 7.31% [2] - Registered aluminum warrants decreased by 8,150 tons to 465,475 tons, with a cancellation rate of 2.93% [2] - Registered zinc warrants decreased by 30,450 tons to 45,400 tons, with a cancellation rate of 40.15% [2] - Registered nickel warrants decreased by 11,094 tons to 199,320 tons, with a cancellation rate of 5.27% [2] - Registered lead warrants decreased by 60,975 tons to 199,500 tons, with a cancellation rate of 23.41% [2] Location-Specific Inventory - Copper inventory in Changxing decreased by 50 tons to 48,150 tons [4] - Aluminum inventory in Port Klang decreased by 25 tons to 314,400 tons [5] - Zinc inventory in Singapore decreased by 475 tons to 75,750 tons [9] - Tin inventory in Port Klang decreased by 25 tons to 1,220 tons [11] - Nickel inventory in Hring decreased by 1,248 tons to 46,374 tons [13]

Group 1: Inventory Changes - LME copper inventory decreased by 50 tons to 155,800 tons, with a registered warehouse receipt of 144,275 tons and a cancellation ratio of 7.40% [1][3] - LME aluminum inventory decreased by 125 tons to 479,550 tons, with a registered warehouse receipt of 465,450 tons and a cancellation ratio of 2.94% [1][5] - LME zinc inventory decreased by 1,125 tons to 76,325 tons, with a registered warehouse receipt of 30,925 tons and a cancellation ratio of 40.52% [1][9] Group 2: Specific Warehouse Inventory - In Kaohsiung, copper inventory remained unchanged at 48,200 tons, with a cancellation ratio of 2.96% [3] - In Rotterdam, aluminum inventory decreased by 125 tons to 3,575 tons, with a cancellation ratio of 31.47% [5] - In Singapore, zinc inventory decreased by 1,125 tons to 76,225 tons, with a cancellation ratio of 40.54% [9] Group 3: Overall Market Trends - The overall trend shows a decrease in inventory levels across multiple metals, indicating potential supply constraints in the market [1][4][6] - The cancellation ratios for zinc and aluminum are notably high, suggesting increased demand or potential market speculation [1][9][5] - The fluctuations in inventory levels may impact pricing dynamics in the metals market moving forward [1][4][6]

Group 1: Inventory Changes - Copper inventory decreased by 700 tons to 155,000 tons, reflecting a change of -0.45% [1] - Aluminum inventory increased by 1,250 tons to 477,100 tons, showing a change of +0.26% [1] - Zinc inventory decreased by 875 tons to 79,550 tons, indicating a change of -1.09% [1] - Lead inventory remained unchanged at 211,746 tons, with a slight increase of 450 tons, representing a change of +0.21% [1] - Aluminum alloy inventory remained stable at 1,500 tons [1] Group 2: Warehouse Specific Changes - The registered warehouse for copper saw a decrease in inventory from 155,700 tons to 155,000 tons, with a registered warehouse stock of 143,400 tons [4] - The registered warehouse for aluminum increased from 475,850 tons to 477,100 tons, with a registered warehouse stock of 462,875 tons [5] - Zinc registered warehouse stock decreased from 80,425 tons to 79,550 tons, with a registered warehouse stock of 45,700 tons [9] - Tin inventory increased from 1,750 tons to 1,765 tons, with a registered warehouse stock of 1,480 tons [11] - Nickel inventory increased from 211,296 tons to 211,746 tons, with a registered warehouse stock of 197,796 tons [13]

Group 1: Copper Inventory Changes - Copper inventory increased to 153,850 tons, up by 14,275 tons or 10.23% from the previous day [1][4] - Registered warrants for copper rose to 141,850 tons, reflecting an increase of 11.25% [2] - The cancellation rate for copper warrants is currently at 7.80%, down from 8.65% [2] Group 2: Aluminum Inventory Changes - Aluminum inventory reached 466,025 tons, with an increase of 2,300 tons or 0.50% [1][5] - Registered warrants for aluminum are at 452,950 tons, with a cancellation of 13,075 tons, representing a 2.81% cancellation rate [2] - The aluminum inventory in Kaohsiung remains stable at 42,475 tons [5] Group 3: Zinc Inventory Changes - Zinc inventory decreased to 92,275 tons, down by 4,725 tons or 4.87% [1][9] - Registered warrants for zinc are at 48,600 tons, with a cancellation of 43,675 tons, leading to a cancellation rate of 47.33% [2] - The zinc inventory in Singapore also decreased by 4,725 tons, reflecting a similar trend [9] Group 4: Nickel Inventory Changes - Nickel inventory increased to 211,254 tons, up by 2,172 tons [1][13] - Registered warrants for nickel are at 195,384 tons, with a cancellation of 15,870 tons, resulting in a cancellation rate of 7.51% [2] - The inventory in Kaohsiung saw an increase of 1,464 tons, reaching 45,144 tons [13] Group 5: Lead and Tin Inventory Changes - Lead inventory data is not provided in detail, but it is noted that there are fluctuations in various locations [6][11] - Tin inventory decreased to 1,875 tons, down by 25 tons [1][11] - Registered warrants for tin are at 1,390 tons, with a cancellation of 485 tons, leading to a cancellation rate of 25.87% [11]