Daily Vault Briefing ·Sep 9, 2026
Record watch: West Coast distillate stocks (PADD 5) is the lowest since May 2025.
8 signals · 2 series crossed a threshold today
Today's standout is West Coast distillate stocks (PADD 5) at 9.9 MM bbl, lowest since May 2025. Alongside it, East Coast distillate stocks (PADD 1) reads 19.3 MM bbl. Down 8.0% on the week, down 12.8% over 30 days.
West Coast distillate stocks fell to 9.9 MM bbl, the lowest since May 2025 and 3rd percentile of a 37-year record. Down 6.7% on the week and 12.5% over 30 days.
East Coast distillate stocks hit 19.3 MM bbl, the lowest in the full 37-year record. Down 8.0% on the week and 12.8% over 30 days.
COMEX copper stocks reached 767,275 short tons, an 8-month high, up 6.5% over 30 days. The daily move was essentially flat at +0.1%.
COMEX registered platinum sits at 191K oz, an 8-month low, down 0.9% over 30 days. Little changed on the day.
The share of COMEX gold classed as deliverable rose to 55.2%, an 8-month high and 97th percentile, up 4.6% over 30 days.
COMEX platinum coverage dropped to 5.6%, an 8-month low, down 18.7% over 30 days. The fall is all in the monthly tape; the day itself was flat.
LME lead stocks stand at 385,050 mt, the 99th percentile of a 19-year record, yet down 9.3% over 30 days. A high shelf that is steadily draining.
COMEX silver coverage climbed to 19.0%, an 8-month high and 99th percentile, up 6.9% over 30 days.
Sources and method
Sources: CME Group COMEX warehouse reports, LME warehouse data, EIA Weekly Petroleum Status Report, ETF issuer filings, and venue price quotes. Every figure is computed straight from the stored source data; percentiles rank today's level against the series' full record.