COMIDRA.COM
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.
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COMIDRA Copper Index
COMIDRA Index— Pressure— Price— Coverage— Data through2026-08-07
Calculating from this page’s data…
- The COMIDRA Index combines this commodity’s supply, demand, inventory and market-positioning data on a 0–100 scale. A value near 50 is neutral; a higher value means more upward price pressure.
- The price line is shown for comparison and is not used in the index calculation.
- Only observations available by each date are used. The index is left blank below 60% coverage and is not a guaranteed price forecast.
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ICSG Refined Copper — Production, Usage, Stocks
- 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.
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LME, SHFE, COMEX exchange stocks
- 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.
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LME Inventory and Prices
Opening / Cancelled (t) / Net (t)
M3 ($)
Cash-3M ($)
- 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.
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Shanghai Futures Exchange (SHFE)
Price / Inventory
Spread
Open Interest / Volume
- 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
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CME Exchange
Warehouse Stocks (Registered / Eligible / Total)
Registered Share (%)
Net Change
- 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.
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China PMI
- 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.
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Chile Peru Copper Production (stacked bars, cumulative)
- 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.
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Yangshan Premium
- 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.
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US Term Structure Prices
- 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.
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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.
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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.
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USGS Copper Production and Reserves by Country
Latest: Mine production India · Refinery production South Korea · Reserves India Chile – South Korea
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.
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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