LME Inventory:

  • Copper   DOWN    -975
  • Zinc    DOWN    -2075
  • Lead    DOWN    -775
  • Nickel  UP      384
  • Aluminum        DOWN    -10650

Cancelled warrant ratio

  • Copper  UP       4.67
  • Zinc    UP       0.45
  • Lead    UP       0.24
  • Nickel  UP       0.04

Inventory Update  Impact :Metal inventories witnessed slight drawdown except Nickel while the cancelled warrants have increased for all metals indicating increased physical downstream demand and may have positive impact on base metals futures

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