INVENTORY REPORT(IN TONNES)
Exchange
|
Base
Metal
|
Previous
Week
|
This
Week
|
Change
|
% Of
Change
|
Copper
|
562475
|
569775
|
7300
|
1.30
|
|
Lead
|
268475
|
262725
|
-5750
|
-2.14
|
|
LME
|
Zinc
|
1193825
|
1175525
|
-18300
|
-1.53
|
Nickel
|
162762
|
165420
|
2658
|
1.63
|
|
Aluminum
|
5230025
|
5237400
|
7375
|
0.14
|
|
COMEX
|
Copper
|
75778
|
76241
|
463
|
0.61
|
Copper
|
239273
|
247591
|
8318
|
3.8
|
|
SHFE
|
Lead
|
140750
|
140221
|
-529
|
-0.38
|
Zinc
|
325479
|
322525
|
-2954
|
-0.91
|
|
Aluminum
|
505371
|
504974
|
-397
|
-0.08
|
Base Metal stocks raised this week in the exchange warehouses from Last week as per exchanges Inventory data.Base metals stocks rise relatively negative effect on Metal Prices.
Base Metals Price Correlation with Inventory
A warehouse stock is the barometer to determine the price of particular commodity, there is an inverse relationship between stocks and prices as movement in stocks determine the price direction, a sharp decline in stocks indicates the demand is improving with less supply, however this relationship works better for long term perspective.
Exchange
|
Base Metal
|
Previous Week
|
This Week
|
Copper
|
419.20
|
413.00
| |
Lead
|
118.50
|
115.30
| |
MCX
|
Zinc
|
105.25
|
103.30
|
Nickel
|
929.50
|
916.90
| |
Aluminum
|
104.70
|
104.15
|
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