LME Inventory:

  1. Copper  DOWN    -2775
  2. Zinc    DOWN    -1250
  3. Lead    DOWN    -2350
  4. Nickel  DOWN    -168
  5. Aluminum        UP      61025

Cancelled warrant ratio  

  • Copper  DOWN     (0.91)
  • Zinc    UP       10.75
  • Lead    DOWN     (0.57)
  • Nickel  DOWN     (0.16)

IMPACT:

Base metals inventories witnessed slight drawdown except Zinc while the cancelled warrants have declined and may continue to support downside. Zinc warrants have surged and may support pullback in prices. Overall the inventory data may have slight negative impact on metal prices except Zinc

Free Strategic Recommendation : Buy Zinc @ Cmp : 110.55,Sell Aluminium @ Cmp: 114.85, Current Diff : 4.30,Expected:  3.30/2.30, SL: 6 – www.Commodity20.com @ 18.09.2012 ,01:30 PM

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  1. […] day of the week indicating higher demand from spot front and may limit downside in these two metalsFree Strategic Recommendation Update : Call Given @ 18.09.2012 ,01:30 PM, Buy Zinc @ Cmp : 110.55…Zinc-Aluminium Strategy Call : Zinc Baught @ 110.55,Cmp:112.55,Diff: 2 , Profit:10000 ,Aluminum […]

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