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5 Feb 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 Nickel, while Copper and Lead stocks increased.
Copper stocks increased by 34350 tonnes, signalling prolonged weakness in red metal demand. On the other hand, aluminium inventories declined of 13100 tonnes, while Zinc stocks got subtracted by 5725 tonnes. Stock levels of Lead increased by 225 tonnes, while Nickel stocks declined by 1092 tonnes.
Copper stocks increased by 34350 tonnes, signalling prolonged weakness in red metal demand. On the other hand, aluminium inventories declined of 13100 tonnes, while Zinc stocks got subtracted by 5725 tonnes. Stock levels of Lead increased by 225 tonnes, while Nickel stocks declined by 1092 tonnes.