LME Inventory:

  • Copper UP 675
  • Zinc UP 17850
  • Lead DOWN -1525
  • Nickel UP 2328
  • Aluminum UP 2025

Cancelled warrant ratio

  • Copper UP 1.65
  • Zinc DOWN (0.81)
  • Lead UP 1.28
  • Nickel UP 0.34

IMPACT: Metal inventories witnessed stockpiling except Lead while the cancelled warrants have improved indicating increased downstream demand and may support gains in metals futures.

Free Recommendation : Sell Zinc MCX @ Cmp:103.55,T1:103.05,T2:102.55,SL above 104.55 – www.Commodity20.com 18.07.12,01:30 PM

 

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