LME Inventory:

  • Copper  DOWN    -700
  • Zinc    UP      1575
  • Lead    DOWN    -2075
  • Nickel  DOWN    -336
  • Aluminum        DOWN    -10000

Cancelled warrant ratio

  • Copper  UP       1.59
  • Zinc    DOWN     (0.64)
  • Lead    DOWN     (1.28)
  • Nickel  DOWN     (0.94)
  • IMPACT: Metal inventories witnessed slight drawdown except Zinc while the cancelled warrants have also declined and may continue to support downside. Warrants for Copper has increased by 1.59 percent and may support prices from much downside. Overall the inventory may only support Copper while for other metals it may continue downside
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