LME Inventory:

  • Copper DOWN -1125
  • Zinc DOWN -1625
  • Lead DOWN -525
  • Nickel UP 510
  • Aluminum DOWN -10025

Cancelled warrant ratio

  • Copper UP 1.11
  • Zinc DOWN (0.14)
  • Lead DOWN (0.08)
  • Nickel UP 0.03

IMPACT: Metal inventories witnessed slight drawdown while the cancelled warrants have also improved and may support gains in Copper and Nickel. Overall it may have slight positive impact on base metals

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