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 Nickel. While Copper stocks witnessed a built-up, lead inventory remained unchanged.

Copper stocks increased by whopping 6450 tonnes, signalling continued weaker red metal demand. On the other hand, aluminium inventories witnessed a drawdown of 6875 tonnes, while Zinc stocks got subtracted by 3525 tonnes. The stock levels of Nickel declined by mere 384 tonnes.