Weekly SHFE warehouse stocks change (W/W): Copper +6.8%, Aluminium +13.1%, Zinc +8.5%, Lead +56.4%

The significant weekly increases in warehouse stocks for metals like copper, aluminum, zinc, and lead suggest a potential shift in supply dynamics, likely impacting prices.

Newsquawk StaffPublished 6 Feb 2026, 08:02 UTCOn the live feed at 07:42 UTC — 13 more headlines followed before this page went public

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07:45

French Current Account (Dec) -0.60B (Prev. -0.30B, Rev. From -0.8B)

07:45

French Imports (Dec) 57.9B (Prev. 56.2B, Rev. From 56.4B)

07:42

Weekly SHFE warehouse stocks change (W/W): Copper +6.8%, Aluminium +13.1%, Zinc +8.5%, Lead +56.4%

07:34

ECB's Kazak says that rapid EUR strengthening may trigger a response from the ECB

07:32

Iran's Foreign Minister says they are fully prepared to defend Iran's sovereignty and security against any transgressions

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Context

Particularly, the sharp rise in lead stocks by over 56% could indicate weakening demand or increased production, which may lead to downward pressure on prices in the near term. Traders should watch for implications on inflation and related currency movements, especially for commodity-linked currencies.

Metals · last 90 days

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