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 continued to rise.

Copper stocks increased by 225 tonnes, signalling prolonged weakness in red metal demand. On the other hand, aluminium inventories declined of 7400 tonnes, while Zinc stocks got subtracted by 2850 tonnes. Stock levels of Lead and Nickel also declined by 500 tonnes and 402 tonnes respectively.