21 Jan 2015
LME Inventory Update
FXStreet (Mumbai) - The warehouse stocks data released daily by the London Metal Exchange (LME) showed a drop in the inventory levels of Aluminium, Zinc and Lead. While Copper and Nickel stocks witnessed a built-up.
Copper stocks increased by another 3225 tonnes, signalling weaker red metal demand. Nickel inventories also increased by 1902 tonnes. On the other hand, aluminium inventories witnessed a drawdown of 4200 tonnes, while Zinc stocks got subtracted by 100 tonnes. The stock levels of Lead declined by mere 75 tonnes.
Copper stocks increased by another 3225 tonnes, signalling weaker red metal demand. Nickel inventories also increased by 1902 tonnes. On the other hand, aluminium inventories witnessed a drawdown of 4200 tonnes, while Zinc stocks got subtracted by 100 tonnes. The stock levels of Lead declined by mere 75 tonnes.