LME Inventory:

  • Copper  DOWN    -175
  • Zinc    DOWN    -6200
  • Lead    DOWN    -1625
  • Nickel  UP      2928
  • Aluminum        DOWN    -3725

Cancelled warrant ratio        

  • Copper  DOWN     (1.19)
  • Zinc    DOWN     (0.56)
  • Lead    DOWN     (0.44)
  • Nickel  UP       0.30


Metal inventory witnessed drawdown while the cancelled warrants remained weak due to weak downstream demand as expected as hopes of easing continued to fade. Overall the inventory data may have a negative impact except Nickel.

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