LME Inventory:

  • Copper   DOWN    -1300
  • Zinc    DOWN    -3925
  • Lead    DOWN    -300
  • Nickel  DOWN    -264
  • Aluminum        DOWN    -1500

Cancelled warrant ratio

  • Copper  UP       2.90
  • Zinc    DOWN     (0.36)
  • Lead    UP       0.92
  • Nickel  DOWN     (0.05)

INVENTORY IMPACT:

Metal inventories witnessed slight drawdown while the cancelled warrants have improved for Copper and Lead and may continue to support gains in metals pack. Overall, buying at dips might be recommended

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