LME copper inventories surge to a multi-year high, putting pressure on copper prices and causing the largest on-chain long position loss of 41%

MarsBitNews · 2026-03-17T09:37:49+00:00

On March 17, copper inventory at the London Metal Exchange surged to its highest level since 2019, putting pressure on copper prices. The copper futures contract price on the Hyperliquid platform fell over 1.4% in a short period, with the maximum loss for long positions expanding to 41%.

MarsBitNews

2026-03-17 09:37:49

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Mars Finance News: On March 17, according to Hyperinsight monitoring, London Metal Exchange copper inventories surged by 18,775 tons, reaching a new high since 2019. The sudden increase in supply pressure has put downward pressure on copper prices. Following this news, the price of COPPER (Copper Futures Mapping Contract) on Hyperliquid briefly fell more than 1.4%, currently at $5.76. On-chain longs were hit hardest, with the largest long position on Hyperliquid (0x877) seeing floating losses expand to 41%, with a position size of approximately $4.02 million, an average price of $5.998, and a liquidation price of $5.313.

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