Group 1: Inventory Changes - Copper inventory increased by 75 units, representing a 0.05% rise, with a total of 136,925 units [1] - Zinc inventory decreased by 600 units, showing a 1.70% decline, totaling 34,700 units [1] - Aluminum inventory decreased by 4,375 units, reflecting a 1.79% drop, with a total of 239,750 units [1] - Tin inventory decreased by 25 units, resulting in a 0.91% decline, totaling 2,720 units [1] Group 2: Registered and Cancelled Warehouse Receipts - Registered warehouse receipts for copper decreased by 1.12%, totaling 126,150 units, while cancelled receipts increased by 16.17% to 10,775 units [2] - For zinc, registered receipts increased by 1.74% to 24,850 units, while cancelled receipts decreased by 9.43% to 9,850 units [2] - Aluminum registered receipts remained unchanged at 76,475 units, with cancelled receipts at 163,275 units, representing 68.10% of the total [7] Group 3: Location-Specific Inventory Changes - In Kaohsiung, copper inventory increased by 200 units to 53,450 units [4] - Rotterdam saw a decrease in copper inventory by 50 units, totaling 14,350 units [4] - Singapore's aluminum inventory remained stable at 275 units [5] - Zinc inventory in Singapore decreased by 900 units, totaling 32,950 units [9]

Group 1 - The overall sentiment from Federal Reserve officials, including Powell, remains dovish, with indications of considering an end to balance sheet reduction and reinforcing market expectations for an interest rate cut in October [2][6] - Risk assets experienced a rebound initially, but concerns over issues in the U.S. banking system led to a decline in market risk appetite, causing a pullback in U.S. stocks and negatively impacting copper prices [2][6] - Gold and silver prices saw significant increases, with COMEX gold rising by 5.76% and silver by 6.55%, while copper prices fluctuated, with COMEX copper increasing by 3.15% and then decreasing by 1.77% [4][6] Group 2 - The copper market is experiencing a lack of clear direction, with traditional peak season nearing its end and no significant improvement in consumption observed, partly due to previously high copper prices suppressing downstream purchasing demand [10][11] - COMEX copper inventories have increased significantly, surpassing 340,000 tons, with a notable rise in delivery volumes, indicating potential supply pressures in the future [11][12] - The domestic market for electrolytic copper is seeing rising inventories, with a total of 183,100 tons, reflecting limited downstream demand and ongoing inventory accumulation [21][24] Group 3 - The precious metals market saw strong upward movement, with gold prices experiencing a significant rise due to heightened safe-haven demand amid concerns over credit risks in the banking sector, followed by a correction as trade tensions appeared to ease [27][28] - COMEX gold inventory decreased by approximately 830,000 ounces, while silver inventory saw a reduction of about 1.3 million ounces, indicating shifts in market dynamics [40][41] - SPDR gold ETF holdings increased by 30.1 tons, reflecting growing investor interest in gold as a safe-haven asset [46]

Group 1: Copper Inventory Changes - The registered warehouse inventory for copper decreased by 0.26% to 145,375 tons, while the canceled warehouse inventory increased by 13.37% to 12,475 tons, resulting in a cancellation ratio of 8.58% [1][3] - The total inventory in various locations shows a decrease in copper stock, with significant reductions in Rotterdam and other locations [3] Group 2: Aluminum Inventory Changes - Aluminum registered warehouse inventory remained unchanged at 513,900 tons, with a cancellation inventory of 109,225 tons, maintaining a cancellation ratio of 21.25% [1][5] - The aluminum inventory across different locations shows stability, with no significant changes reported [5] Group 3: Zinc Inventory Changes - Zinc registered warehouse inventory remained at 46,825 tons, with a cancellation inventory of 15,450 tons, leading to a cancellation ratio of 33.00% [1][9] - The inventory levels indicate a consistent trend in zinc stock across various locations [9] Group 4: Tin Inventory Changes - Tin registered warehouse inventory increased by 0.21% to 2,580 tons, with a significant increase in canceled inventory by 69.57% to 195 tons, resulting in a cancellation ratio of 7.56% [1][11] - The inventory changes reflect a slight increase in tin stock, particularly in specific locations [11] Group 5: Overall Market Trends - The overall trends in registered and canceled warehouse inventories across various metals indicate fluctuations in stock levels, with some metals experiencing increases in cancellation ratios while others remain stable [1][5][9][11]

Core Viewpoint - A new company, Chenzhou Xudao Metal Co., Ltd., has been established with a registered capital of 1 million RMB, focusing on various metal-related operations [1] Company Summary - The legal representative of Chenzhou Xudao Metal Co., Ltd. is Guo Pingfang [1] - The company’s registered capital is 1 million RMB [1] - The business scope includes the sale of non-ferrous metal alloys, common non-ferrous metal smelting, precious metal smelting, processing of metal waste and scrap, mineral washing and processing, sale of metal ores, sale of non-metallic minerals and products, recycling of renewable resources (excluding production waste metals), processing of renewable resources, sale of renewable resources, recycling of production waste metals, domestic trade agency, and sale of electronic products [1]

Inventory Changes - Copper inventory decreased to 148,875 tons, down by 900 tons from the previous day, with registered warrants at 135,425 tons and canceled warrants at 13,450 tons, representing a cancellation ratio of 9.03% [1][3] - Aluminum inventory increased to 513,900 tons, up by 30,125 tons, with registered warrants at 404,675 tons and canceled warrants at 109,225 tons, resulting in a cancellation ratio of 21.25% [1][5] - Zinc inventory decreased slightly to 48,825 tons, with registered warrants at 31,375 tons and canceled warrants at 17,450 tons, leading to a cancellation ratio of 35.74% [1][9] - Nickel inventory decreased to 228,450 tons, with registered warrants at 220,668 tons and canceled warrants at 7,782 tons, resulting in a cancellation ratio of 3.41% [1][13] Warehouse Specific Changes - In Kaohsiung, copper inventory remained stable at 52,200 tons, with no changes in inflow or outflow [3] - Rotterdam saw a decrease in copper inventory to 18,050 tons, down by 200 tons, with a cancellation ratio of 14.13% [3] - Singapore's zinc inventory decreased to 48,725 tons, with a cancellation ratio of 35.76% [9] - The inventory of tin in the port of Klang remained unchanged at 1,850 tons, with a cancellation ratio of 7.84% [11]

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 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: Copper Inventory Changes - The LME copper inventory decreased by 25 tons, bringing the total to 155,850 tons, with a registered warehouse stock of 144,800 tons and a cancellation ratio of 7.09% [3][2] - The highest cancellation ratio was observed in the location of Hla, at 15.48%, with a total inventory of 18,250 tons [3] Group 2: Aluminum Inventory Changes - LME aluminum inventory increased by 1,050 tons to reach 479,675 tons, with a registered warehouse stock of 465,450 tons and a cancellation ratio of 2.97% [5] - The highest cancellation ratio was noted in Singapore, at 93.49%, with a total inventory of 4,225 tons [5] Group 3: Zinc Inventory Changes - LME zinc inventory decreased by 1,025 tons to 77,450 tons, with a registered warehouse stock of 45,425 tons and a cancellation ratio of 41.35% [9] - The cancellation ratio in Singapore was slightly higher at 41.37%, with a total inventory of 77,350 tons [9] Group 4: Nickel Inventory Changes - LME nickel inventory increased by 42 tons to 211,140 tons, with a registered warehouse stock of 198,666 tons and a cancellation ratio of 5.91% [13] - The highest cancellation ratio was recorded in the location of Baltimore, at 94.44%, with a total inventory of 108 tons [13] Group 5: Tin Inventory Changes - LME tin inventory increased by 50 tons to 1,830 tons, with a registered warehouse stock of 1,540 tons and a cancellation ratio of 15.85% [11] - The highest cancellation ratio was observed in the location of Baltimore, at 100%, with a total inventory of 30 tons [11]