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How to interpret and trade with LME inventory data

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  #1  
Old 6th April 2010, 07:13 PM
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Default How to interpret and trade with LME inventory data

>> LME Inventory: Copper +125, Aluminum -5875, Nickel -666, Zinc +4025, Lead -600, Tin +105


Can anyone help me make sense of this data. From what I have noticed, at times stock reacts v sharply to data (i.e. movement as soon as data is released) but quite a few times the data has had no impact on the price (at least on the intraday basis).

How do I interpret LME inventory data?

thanks!
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Old 6th April 2010, 07:27 PM
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Default Re: How to interpret and trade with LME inventory data

before the actual data is out, there is an forecast of what the inventory level might be. This forecast is done by analysts.

If the Actual data is ahead of the forecast or below it, then there is sharp movement in the commodity price. If the Actual data comes up close to the expected figure, the movement is very minimal.

there is a nice calendar at http://www.forexfactory.com/ with the forecast and impact level to each inventory data.

example :

Copper inventory forecast is -250; actual report comes as +125. Interpretation = there is more inventory than expected. "more stock than demand"...In this scenario, Copper price would react sharply on the downside.
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Old 31st October 2010, 05:47 PM
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Default Re: How to interpret and trade with LME inventory data

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loke4300
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Re: How to interpret and trade with LME inventory data

--------------------------------------------------------------------------------

before the actual data is out, there is an forecast of what the inventory level might be. This forecast is done by analysts.

If the Actual data is ahead of the forecast or below it, then there is sharp movement in the commodity price. If the Actual data comes up close to the expected figure, the movement is very minimal.

there is a nice calendar at http://www.forexfactory.com/ with the forecast and impact level to each inventory data.

example :

Copper inventory forecast is -250; actual report comes as +125. Interpretation = there is more inventory than expected. "more stock than demand"...In this scenario, Copper price would react sharply on the downside.
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How/Where to find inventory for different base metals on this page....i mean on WEB Page
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Old 1st November 2010, 12:43 AM
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Default Re: How to interpret and trade with LME inventory data

U can try kitco.com and basemetals.com for inventory data&live charts for metals
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Old 1st November 2010, 12:48 AM
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Default Re: How to interpret and trade with LME inventory data

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Originally Posted by hyraj View Post
How/Where to find inventory for different base metals on this page....i mean on WEB Page
try kitco.com&basemetals.com for inventory data and live charts for metals.also u should follow doller price.chinese metal data.&weekly reports at moneycontrol.com/commodity
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Old 13th January 2012, 02:11 PM
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Default Re: How to interpret and trade with LME inventory data

Quote:
Originally Posted by loke4300 View Post

there is a nice calendar at http://www.forexfactory.com/ with the forecast and impact level to each inventory data.
Can you provide the link for exact page where this data is available on forexfactory ?

I have heard that there is a also a weekly COT report on different commodities and your ability to read the COT report accurately can make a huge difference in your trades.

Thank you loke4300
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Old 13th January 2012, 05:50 PM
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Default Re: How to interpret and trade with LME inventory data

what time IST does data come out for base metals ??
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Old 15th January 2012, 03:03 PM
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Default Re: How to interpret and trade with LME inventory data

it comes out at 9 am GMT but i get a feeling it is updated much later on kitcometals.com.

Here is a interesting chart.

Notice how copper inventory starts dipping around 19th Dec last month

http://www.kitcometals.com/charts/lmewarehouse.html


Look at the upmove in copper since 19th Dec.


Last edited by rishikesh_m; 15th January 2012 at 03:15 PM. Reason: ....
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Old 15th January 2012, 03:09 PM
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Default Re: How to interpret and trade with LME inventory data

so inventory levels worked like a charm this time.. but does it work consistently ??
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Old 20th March 2012, 01:32 PM
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Default Re: How to interpret and trade with LME inventory data

you can get LME data @ www.lmeinventory.com
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