LME Inventory:

  • Copper    DOWN    -1675
  • Zinc    DOWN    -4375
  • Lead    DOWN    -750
  • Nickel  DOWN    -126
  • Aluminum        UP      29000

Cancelled warrant ratio

  • Copper  DOWN     (0.00)
  • Zinc    DOWN     (0.38)
  • Lead    DOWN     (0.28)
  • Nickel  UP       4.88

INVENTORY IMPACT:

Metal inventories witnessed drawdown except Aluminum while the cancelled warrants have declined as expected and may continue to weaken gains in metals pack. Nickel warrants have surged drastically and may support gains for the rest of the session

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