Live Updates > Live Update Details
2025-12-15 17:07:46
[Frequent Inventory Fluctuations: Undercurrents in the Non-Ferrous Metals Market – Who Will Break the Mold?] ⑴ The latest inventory data from the London Metal Exchange shows mixed changes in major metal inventories, reflecting a divergence in market supply and demand. ⑵ Copper inventories decreased slightly by 25 tons to 165,875 tons, while cancelled warrants decreased by 600 tons to 65,400 tons, possibly indicating a change in short-term expectations for deliverable resources. ⑶ Aluminum inventories decreased by 50 tons to 519,600 tons, but cancelled warrants also decreased slightly by 50 tons, indicating a moderate downward trend in inventories. ⑷ Nickel and zinc inventories increased by 360 tons and 2,550 tons respectively, with nickel cancelled warrants increasing significantly by 678 tons; whether this will turn into a sustained outflow needs to be monitored. ⑸ Lead inventories increased sharply by 17,725 tons to 252,475 tons, while cancelled warrants decreased by 1,000 tons, indicating significant supply pressure. (6) Tin inventory increased by 125 tons to 3,795 tons. Although the total amount is not high, the increase of 20 tons in cancelled warrants indicates that small-scale demand activity is still ongoing. (7) The changes in inventory and cancelled warrants for different commodities are not entirely consistent, suggesting that future price trends may continue to diverge due to differences in commodity fundamentals. Investors need to closely monitor subsequent changes in the warrant cancellation ratio.
