LME Inventory:

  • Copper    UP      300
  • Zinc    DOWN    -4225
  • Lead    DOWN    -1175
  • Nickel  DOWN    -150
  • Aluminum        UP      3075

Cancelled warrant ratio:

  • Copper  DOWN     (0.44)
  • Zinc    DOWN     (0.34)
  • Lead    DOWN     (0.26)
  • Nickel  DOWN     (0.11)

IMPACT: Metal inventories witnessed slight drawdown while the Cancelled warrants have retreated slightly and may weaken future prices slightly. Overall the trend may continue to remain bullish.

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