On August 12, London Metal Exchange (LME) non-ferrous metal inventories and their changes were as follows:

1. Copper inventory: 212,125 tonnes, down 2,425 tonnes from the previous day.

2. Aluminum inventory: 251,700 tonnes, down 1,700 tonnes from the previous trading day.

3. Nickel inventory: 264,744 tonnes, unchanged from the previous day.

4. Zinc inventory: 95,350 tonnes, down 1,725 tonnes from the previous day.

5. Lead inventory: 417,075 tonnes, down 3,225 tonnes from the previous day.

6. Tin inventory: 5,590 tonnes, down 50 tonnes from the previous day.

Analysis and Commentary

Copper

LME copper inventories fell by 2,425 tonnes from the previous day to 212,125 tonnes; this decline indicates tightening supply in the spot market, providing bullish support for spot copper prices and driving them to trade with a firm tone.

Nickel

LME nickel inventories remained unchanged from the previous day at 264,744 tonnes; with no clear drivers on the supply-demand front, the impact on spot nickel prices is neutral, and prices currently lack a clear directional trend.

Aluminum

LME aluminum inventories decreased by 1,700 tonnes from the previous day to 251,700 tonnes; this slight decline provides modest bullish support for spot aluminum prices.

Zinc

LME zinc inventories fell by 1,725 tonnes from the previous day to 95,350 tonnes; this slight decline provided modest support for spot zinc prices.

Lead

LME lead inventories dropped sharply by 3,225 tonnes from the previous day to 417,075 tonnes; the significant decrease heightened expectations of tight supply, providing support for spot lead prices.

Tin

LME tin inventories decreased by 50 tonnes from the previous day to 5,590 tonnes; this slight pullback provided modest support for spot tin prices.

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