ChemPriceHub Alert: Analysis of LME Metal Inventory Changes on January 13

On January 13, the non-ferrous metal inventories and changes on the London Metal Exchange (LME) are as follows:

1. Copper inventory: 141,550 tons, an increase of 4,325 tons from the previous day.
2. Aluminum inventory: 494,000 tons, a decrease of 1,825 tons from the previous trading day.
3. Nickel inventory: 284,148 tons, a decrease of 414 tons from the previous day.
4. Zinc inventory: 106,900 tons, an increase of 100 tons from the previous day.
5. Lead inventory: 218,925 tons, a decrease of 2,525 tons from the previous day.
6. Tin inventory: 5,930 tons, an increase of 25 tons from the previous day.

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.