Copper Inventory Declines for Consecutive Days
June 26, 2026, London Metal Exchange (LME) copper inventory decreased by 2,625 tons from the previous day to 336,475 tons. Data shows LME copper inventory has declined for multiple consecutive days, dropping over 40,000 tons in the past week and more than 50,000 tons in the past month. Despite continuous inventory drawdowns, the current level remains 40.94% higher than the average since June 28, 2023, indicating relatively ample copper market supply.
Ample Supply and Pricing Mechanism Optimization
The LME is advancing the optimization of the premium pricing mechanism to enhance global copper supply chain transparency, with its price remaining a key benchmark for global copper trading. The current inventory change has limited impact on short-term market sentiment; subsequent focus should be on inventory trends and consumption-side changes.