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, Lead and Nickel. While Copper stocks increased substantially.

Copper stocks increased by 1900 tonnes, signalling weaker red metal demand. On the other hand, aluminium inventories declined of 7825 tonnes, while Zinc stocks got subtracted by 2675 tonnes. Stock levels of Lead and Nickel also declined by 150 tonnes and 1266 tonnes respectively.