LME inventory Update ;

  • Copper  DOWN    -1100
  • Zinc    DOWN    -3900
  • Lead    DOWN    -1500
  • Nickel  DOWN    -42
  • Aluminum        DOWN    -5100

Cancelled Warrant Ration : 

Copper  DOWN     (0.51)

Zinc    DOWN     (0.32)

Lead    DOWN     (0.23)

Nickel  UP       0.56 

LME Data IMPACT: Metal inventories witnessed slight drawdown while the cancelled warrants further declined indicating weak downstream demand and may continue to weaken base metals futures at MCX.

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