LME INVENTORY REPORT TODAY
The London Metal Exchange (LME) is the futures exchange with the world’s largest market in options and futures contracts on base and other metals. LME Inventory Reports Contains Previous Day Closing Stock of Commodities held in London Metal Exchange.
LME INVENTORY DATA AND REPORTS Date: 23 – July
|Metal||Date: 19- July||Date: 22- July||Date: 23- July|
Today LME Inventory : Aluminium Copper Lead Nickel Tin Zinc Inventory Update Today.
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Lme InventoryAbove is the Updated LME Inventory Today Report. Here is Todays MCX LME INVENTORY LEVEL. Latest LME inventories Updates For Base metal Aluminium LME Copper LME Nickel LME lead LME And also Zinc LME Update. Declaration: Here LME Report is for Information purposes only and is not associated with Official LME or CME. This Data is Not Live This is Expired Old Previous Day Data and this must be known to all. We are Not responsible for any data error. The LME is a meeting place of buyers and sellers of metal futures. It provides producers and consumers of metal around the world with the best way to manage their exposure to the risk created by metal price volatility.
MCX to use LME prices for futures settlement.
London Metal Exchange (LME) has signed a licensing agreement with the Multi Commodity Exchange of India (MCX), according to which MCX would use the current prevailing prices on the LME for settling future contracts. The agreement, signed for three years now, would be renewed depending upon the response from Indian traders. Under this agreement, MCX would flag off future contracts for aluminium, tin and nickel in small lots sizes of 1 metric tonne and would probably expand its wings to other metals in future.
What is LME Means / Definition of LME / What is LME Inventory Means?
A commodities exchange in London, England, that deals in metal futures. LME Stands for London Metal Exchange. Contracts on the exchange include aluminium, copper and zinc. Trading can be done in three main ways: through open outcry, a telephone system between member companies or the LME Select, an electronic trading platform. The LME is a non-ferrous exchange, which means that iron and steel are not traded on the exchange.
Importance & Role of LME Inventory in MCX Commodity Trading?
Commodity Inventories plays an important role in commodity trading, especially in future trading. It directly provides you an idea about commodity demand and supply. Inventories of commodities, with low inventories typically leading to more volatile future prices and increasing the risk of a “stock out” (inventory exhaustion). Commodity Calls collects the data for its members from various sources and present it for your convenience. Inventory data of commodities is used on the relationship between inventories and commodity futures risk premiums.
For traders of any kind, it is important to wade through the volumes of available information and focus on analyzing data that is accurate, current and pertinent. The LME provides access to information that fits these criteria by publishing price data extracted as a result of general trading activities, which for many metals drives the global pricing mechanism. To understand why the LME is a primary source of market data, you must first grasp how the exchange operates.
A positive figure indicates an increase in inventory when negative numbers show a decrease in inventory. Continuous decrease in inventory with large volumes means that demand for commodity is high and bullish sentiment shows, while inventory with large quantities increases steadily, it means the demand for commodity is low and indicates the downward spiral.
Latest LME inventories Updates For Base metal Aluminium LME Copper LME Nickel LME lead LME And also Zinc LME Update for Trading in Base metal intraday.
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