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Comidra is a data site that organizes key commodity market data—such as natural gas and WTI crude oil—so you can grasp it at a glance. It presents multiple indicators in intuitive charts to help you quickly understand complex market moves and use them to support decision-making.
Copper Investment Chart Overview
Copper is a core industrial metal used in electrical wiring, construction, power grids and electric vehicles. Compare international copper prices with International Copper Study Group (ICSG) data on refined copper production, usage and stocks; London Metal Exchange (LME), Shanghai Futures Exchange (SHFE) and Commodity Exchange, Inc. (COMEX) inventories; China demand indicators; and futures positioning.
COMIDRA Copper Index
Evaluated (UTC): — · Price date: —
Historical reconstruction using the latest published data; not a real-time historical record.
- This 0–100 score summarizes selected inputs relative to their own history. Higher values indicate more upward pressure. Input composition differs by commodity; some scores use inventories only.
- Coverage is the available share of configured input weights, not prediction accuracy. Below 60%, the current score is not shown. Price is for comparison, not an index input.
- History is recalculated using the latest published data, not the exact information known at each past date. This is a descriptive indicator, not a validated or guaranteed price forecast.
- This chart groups several related market measures, such as production, trade, stocks and price. Each panel may use a different unit or scale and should be interpreted separately.
- Compare values only when their labels, units and periods match. Different panels may show related measures that cannot be added together.
- Before comparing changes, check the unit, reporting period, region and whether recent values may be revised.
- LME, SHFE, CME/COMEX, CBOT and ICE are commodity exchanges; their prices, contracts or warehouse stocks cover exchange systems rather than the whole physical market.
- Stocks or inventories are quantities held at the locations covered by the source. Changes can reflect production, consumption, trade or differences in reporting coverage.
- A rising inventory means more material was reported in storage. The reason may involve production, demand, trade or changes in reporting coverage.
- Before comparing changes, check the unit, reporting period, region and whether recent values may be revised.
LME Inventory and Prices
- LME, SHFE, CME/COMEX, CBOT and ICE are commodity exchanges; their prices, contracts or warehouse stocks cover exchange systems rather than the whole physical market.
- OpeningStock_t: Total inventory currently held in LME warehouses; a quick indication of how tight or loose physical supply feels.
- CancelledWarrants_t: Inventory likely to be withdrawn soon (“cancelled” stock), which can signal that inventories may decline.
- Net: Delivered In − Delivered Out. A positive value means inventories are building; a negative value means inventories are drawing down.
- LME, SHFE, CME/COMEX, CBOT and ICE are commodity exchanges; their prices, contracts or warehouse stocks cover exchange systems rather than the whole physical market.
- Inventory: deliverable stock registered as exchange warehouse warrants → physical supply tight/loose hint
- Front month (M1): nearest-expiry contract price → “now” market tone
- Next month (M2): next-expiry contract price → slightly forward-looking tone
- LME, SHFE, CME/COMEX, CBOT and ICE are commodity exchanges; their prices, contracts or warehouse stocks cover exchange systems rather than the whole physical market.
- Stocks or inventories are quantities held at the locations covered by the source. Changes can reflect production, consumption, trade or differences in reporting coverage.
- A rising inventory means more material was reported in storage. The reason may involve production, demand, trade or changes in reporting coverage.
- Before comparing changes, check the unit, reporting period, region and whether recent values may be revised.
- China’s Manufacturing Purchasing Managers’ Index (PMI) is a monthly indicator showing whether factory activity in China is improving or weakening. It is calculated from surveys of more than 700 factories across the country on changes in orders, production, inventories, and employment, and summarized into a single figure. A reading above 50 signals expansion, below 50 signals slowdown, and a result higher than market expectations is generally viewed as a positive sign for China’s economy and the yuan.
- Use this indicator together with supply, demand and broader economic conditions. One chart alone cannot reliably predict the next price move.
- This chart compares production, use or processing volumes during the stated period. Each series should be read using its own unit and reporting frequency.
- A higher line or bar means a larger reported amount. It does not by itself explain the cause or show whether the change is favorable.
- Before comparing changes, check the unit, reporting period, region and whether recent values may be revised.
- When copper is actually traded at Yangshan Port in Shanghai, China, this figure shows how much more expensive or cheaper it is than the international benchmark price. A high value is generally seen as a sign of strong Chinese copper demand, while a low or negative value is taken to indicate weak demand.
- Use this indicator together with supply, demand and broader economic conditions. One chart alone cannot reliably predict the next price move.
- A futures curve compares prices for contracts with different delivery months at the same point in time. It reflects current market pricing and carrying conditions, not a guaranteed forecast of future spot prices.
- An upward line means the reported price increased over that interval. It does not show whether the price is high or low relative to supply and demand, or predict the next move.
- Use this indicator together with supply, demand and broader economic conditions. One chart alone cannot reliably predict the next price move.
CFTC Copper Futures Positions (Speculative)
- CFTC (U.S. Commodity Futures Trading Commission) is the U.S. regulator that publishes futures-market trader-position data.
- The Non-Commercials (Long/Short) chart shows the size of buy (long) and sell (short) positions held by big players who trade mainly for investment. If longs increase, it generally means more traders expect prices to rise; if shorts increase, it generally means more traders expect prices to fall.
- Use this indicator together with supply, demand and broader economic conditions. One chart alone cannot reliably predict the next price move.
CFTC Copper Futures Positions (Managed Money)
- CFTC (U.S. Commodity Futures Trading Commission) is the U.S. regulator that publishes futures-market trader-position data.
- The Managed Money (Long/Short) chart focuses only on professional managers such as funds/hedge funds within those big players. It helps you see more clearly whether the “core money” moving the market is leaning bullish (more longs) or bearish (more shorts).
- Use this indicator together with supply, demand and broader economic conditions. One chart alone cannot reliably predict the next price move.
USGS Copper Production and Reserves by Country
USGS Copper Production and Reserves by Country. Mine production measures copper contained in mined material, while refinery production measures refined copper output. Reserves are the economically recoverable portion under current conditions, so they can change with prices, technology and new studies. Wheel/Pinch=Zoom · Drag=Box zoom · Alt+Drag/Arrows=Pan · Double-click=Reset
Mine production
Refinery production
Reserves
- Mine production measures copper contained in mined material, while refinery production measures refined copper output.
- Reserves are the economically recoverable portion under current conditions, so they can change with prices, technology and new studies.
IEA STEPS Copper Demand Outlook by Use
IEA STEPS Copper Demand Outlook by Use. IEA means the International Energy Agency, and GCMO means Global Critical Minerals Outlook, its critical-minerals outlook edition. STEPS means the Stated Policies Scenario. Its values are one policy outlook, not a guaranteed forecast or a quantity to add to another scenario. Stacked bars divide demand among electric vehicles, electricity networks, generation and storage, and other uses. The total line is the sum of those four groups. Wheel/Pinch=Zoom · Drag=Box zoom · Alt+Drag/Arrows=Pan · Double-click=Reset
STEPS copper demand by use
- IEA means the International Energy Agency, and GCMO means Global Critical Minerals Outlook, its critical-minerals outlook edition.
- STEPS means the Stated Policies Scenario. Its values are one policy outlook, not a guaranteed forecast or a quantity to add to another scenario.
- Stacked bars divide demand among electric vehicles, electricity networks, generation and storage, and other uses. The total line is the sum of those four groups.
Chile INE Copper-Mining Inventory Index
Chile INE Copper-Mining Inventory Index. INE is Chile’s National Statistics Institute. This is a simple value index of the U.S.-dollar book value of month-end inventories held by the copper-mining industry, not physical tonnes or mine output. A value of 100 equals the December 2018 base. The index shows relative change, so 120 means the measured inventory level is 20% above the base, not 120 tonnes. Because this is a value index, changes can reflect inventory quantities, copper prices, exchange rates or a mix. Read it with production and price charts, not as a physical-stock signal. Wheel/Pinch=Zoom · Drag=Box zoom · Alt+Drag/Arrows=Pan · Double-click=Reset
Copper-mining inventories
- INE is Chile’s National Statistics Institute. This is a simple value index of the U.S.-dollar book value of month-end inventories held by the copper-mining industry, not physical tonnes or mine output.
- A value of 100 equals the December 2018 base. The index shows relative change, so 120 means the measured inventory level is 20% above the base, not 120 tonnes.
- Because this is a value index, changes can reflect inventory quantities, copper prices, exchange rates or a mix. Read it with production and price charts, not as a physical-stock signal.
This data is provided for general informational purposes only and may not be entirely accurate. All investment decisions are solely the responsibility of the investor, and we assume no liability for any losses arising from the use of this data. Please consult a qualified professional if necessary.
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