LME Inventory:

  • Copper   UP      2975
  • Zinc    DOWN    -2975
  • Lead    DOWN    -600
  • Nickel  DOWN    -756
  • Aluminum        UP      700

Cancelled warrant ratio        

  • Copper  DOWN     (0.52)
  • Zinc    DOWN     (0.24)
  • Lead    UP       3.47
  • Nickel  DOWN     (0.57)

IMPACT: Metal inventories witnessed drawdown expect Copper and Aluminum while the cancelled warrants have also declined and may presurize gains in metals. Lead warrants have increased and may support gains while the inventory data may have negative impact on base metals futures

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *