On January 12, the non-ferrous metal inventories and changes on the London Metal Exchange (LME) are as follows:

1. Copper inventory: 137,225 tons, down 1,750 tons from the previous day.
2. Aluminum inventory: 495,825 tons, down 2,000 tons from the previous trading day.
3. Nickel inventory: 284,562 tons, up 228 tons from the previous day.
4. Zinc inventory: 106,800 tons, down 650 tons from the previous day.
5. Lead inventory: 221,450 tons, down 1,275 tons from the previous day.
6. Tin inventory: 5,905 tons, up 490 tons from the previous day.

PriceSeek Analysis
Copper – Bull/Bear Score: 1
Inventory decreased by 1,750 tons, indicating strong demand or tightening supply, which is positive for spot prices. The reduction in inventory typically reflects active market consumption, supporting an upward trend in copper prices.

Aluminum – Bull/Bear Score: 1
Inventory decreased by 2,000 tons, showing an improvement in supply-demand dynamics, which is positive for spot prices. The decline in inventory suggests robust industrial demand, potentially driving a moderate increase in aluminum prices.

Nickel – Bull/Bear Score: -1
Inventory increased by 228 tons, reflecting oversupply or weak demand, which is negative for spot prices. The rise in inventory may intensify market pressure and restrain nickel price performance.

Zinc – Bull/Bear Score: 1
Inventory decreased by 650 tons, indicating accelerated destocking in the market, which is positive for spot prices. The reduction in inventory supports a steady upward trend in zinc prices, driven by recovering downstream demand.

Lead – Bull/Bear Score: 1
Inventory decreased by 1,275 tons, showing strong consumption demand, which is positive for spot prices. The decline in inventory reflects tightening supply-demand balance in the lead market, potentially boosting prices.

Tin – Bull/Bear Score: -1
Inventory increased by 490 tons, suggesting increased supply or weakening demand, which is negative for spot prices. The accumulation of inventory may suppress tin prices, with the market facing downward pressure.