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


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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