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London Metal Exchange: Base Metal Inventory Fell

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Jan. 15 2016, Updated 5:06 p.m. ET

Copper stock levels fell

On January 12, 2016, the inventory levels of all base metal—except nickel—fell in the London Metal Exchange, or LME. On January 12, the stock levels of copper fell 0.8% and reached 236,725 tons. The highest stock level of copper in recent times was recorded as 371,250 tons on August 28, 2015, and fell by 36.2% since then.

The inventory levels of aluminum in LME are in a downtrend since the beginning of 2015. On January 12, the stock levels of aluminum fell 0.2% to 2,859,325 tons. In the week ended January 9, 2016, the aluminum inventory levels in LME fell by 0.84% to 2,871,100 tons. Last year, the aluminum stock levels in LME fell by 31.7%.

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The inventory levels of zinc also fell

The stock levels of nickel in LME fell by 0.6% in the week ended January 9, 2016, and reached 438,576 tons. On Tuesday, the inventory levels of nickel rose 0.06% and reached 437,334 tons. The stock levels of nickel in LME reached a low of 393,228 tons on December 9, 2015, and rose 11.2% from that low.

In the week ended January 9, 2016, the stock levels of zinc in LME fell by 2% and reached 455,200 tons. On Tuesday, the stock levels of zinc fell 0.55% and reached 449,975 tons. The peak inventory level of zinc was at 617,325 tons on September 15, 2015, and fell by 27.1% since then.

The stock levels of tin and lead fell

The inventory level of tin rose 2.5% and reached 6,295 tons in the week ended January 9, 2016. On January 12, the stock levels of tin fell 2.9% and reached 6,115 tons. The inventory levels of tin in LME fell 49% in 2015.

Additionally, the stock levels of lead fell 0.32% and reached 190,450 tons on Tuesday. The base metal miners Freeport-McMoRan (FCX), Glencore (GLNCY), Alcoa (AA), and BHP Billiton (BHP) fell by 4.64%, 3.3%, 9%, and 3.6%, respectively, on January 12. The SPDR S&P Metals & Mining ETF (XME) fell 2.2% on Tuesday.

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