On January 13, the non-ferrous metal inventories and changes on the London Metal Exchange (LME) are as follows:
PriceSeek Analysis
Copper, Bull-Bear Score: -1
Copper inventory increased by 4,325 tons, indicating rising supply pressure, which may suppress spot prices. The inventory increase is relatively significant (approximately 3%), exerting a generally bearish impact on market sentiment, with a score of -1.
Aluminum, Bull-Bear Score: 0.5
Aluminum inventory decreased by 1,825 tons, reflecting tightening supply, which may support spot prices. The inventory decline is minor (approximately 0.37%), exerting a slightly bullish impact on the market, with a score of 0.5.
Nickel, Bull-Bear Score: 0.5
Nickel inventory decreased by 414 tons, indicating a slight contraction in supply, which may boost spot prices. The inventory decline is minimal (approximately 0.15%), exerting a slightly bullish impact on market sentiment, with a score of 0.5.
Zinc, Bull-Bear Score: -0.5
Zinc inventory increased by 100 tons, indicating a slight rise in supply, which may restrain spot prices. The inventory increase is very small (approximately 0.09%), exerting a slightly bearish impact on the market, with a score of -0.5.
Lead, Bull-Bear Score: 1
Lead inventory decreased by 2,525 tons, reflecting a noticeable tightening in supply, which may drive up spot prices. The inventory decline is relatively significant (approximately 1.15%), exerting a generally bullish impact on market sentiment, with a score of 1.
Tin, Bull-Bear Score: -0.5
Tin inventory increased by 25 tons, indicating a marginal rise in supply, which may slightly suppress spot prices. The inventory increase is very small (approximately 0.42%), exerting a slightly bearish impact on the market, with a score of -0.5.
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