LME Inventory:

  • Copper DOWN -1225
  • Zinc DOWN -2750
  • Lead DOWN -1075
  • Nickel UP 978
  • Aluminum DOWN -475

Cancelled warrant ratio        

  • Copper  DOWN     (0.12)
  • Zinc    DOWN     (0.23)
  • Lead    DOWN     (0.37)
  • Nickel  UP       0.17

INVENTORY IMPACT:

Metal inventories witnessed drawdown except Nickel while the cancelled warrants have declined as expected indicating weak downstream demand and may continue to have negative impact on future prices

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