LME Inventory:

  • Copper   DOWN      -900
  • Zinc    DOWN    -1250
  • Lead    DOWN    -525
  • Nickel  UP      678
  • Aluminum       DOWN      -5775

Cancelled warrant ratio :      

  • Copper  DOWN     (0.31)
  • Zinc    UP     (0.57)
  • Lead    DOWN     (0.19)
  • Nickel  DOWN     (0.11)

IMPACT:

Metal inventories witnessed drawdown while the cancelled warrants have declined expect Zinc consecutively for the second day and may continue to weaken metal prices at today’s session.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *