LME Inventory:  

  • Copper: Down -2075,
  • Zinc: Down -2385,
  • Lead: Down -1750,
  • Nickel: Down -264
  • Aluminium: Down -6450

Cancelled Warrants:

  • Copper Up 0.89,
  • Zinc Down 0.20,
  • Lead Down 0.46,
  • Nickel Up 0.57

INVENTORY IMPACT:

Base metals inventory witnessed drawdown from LME designated warehouses while the cancelled warrants have increased for Copper and Nickel and may support slight pullback while for other metals it remained weak and may continue to support downside in today’s session

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