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Home > Metals, Shanghai Inventories Diverge: Copper And Nickel Decline, Aluminium Rises

Metals, Shanghai Inventories Diverge: Copper And Nickel Decline, Aluminium Rises

21 October 2026 | Commodities, Commodities, Economy, Futured, Highlights, Market Forecasts - Industrial Metals, News

Industrial metal inventories in Shanghai bonded warehouses moved in different directions during the September 2026 reference period. Copper and nickel declined, supported by intermittent openings of arbitrage between the London Metal Exchange (LME) and Shanghai Futures Exchange (SHFE), while aluminium accumulated and zinc remained at extremely low levels. Behind apparently similar changes lie different dynamics: […]

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