LME  INVENTORY:

  • Copper Down -2075,
  • Zinc Down 3322,
  • Lead Down -2150,
  • Nickel Down -672,
  • Aluminum Up 6775

Cancelled Warrants:

  • Copper:-1.18
  • Zinc: -0.29
  • Lead: -0.59
  • Nickel: -0.19

INVENTORY IMPACT:

Metal inventories witnessed slight drawdown except Aluminum while as per our in house expectation the cancelled warrants have remained weak consecutively for the third week and may continue to support downside in today’s session

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