LME Inventory:

  • Copper  DOWN    -700
  • Zinc    DOWN    -3150
  • Lead    DOWN    -1650
  • Nickel  DOWN    -156
  • Aluminum        UP      26750

Cancelled warrant ratio  :

  • Copper  UP       1.94
  • Zinc    DOWN     (0.28)
  • Lead    UP       6.92
  • Nickel  DOWN     (0.13)

INVENTORY IMPACT:

Metal inventories witnessed slight drawdown while as per expectation the cancelled warrants increased for Copper and Lead and may continue the gaining spree among metals. Aluminum inventories have continued to stockpile and may limit gains in the session ahead.

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