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 Lead, Zinc, Aluminium and Copper, while Nickel stocks increased.

Nickel stocks increased by 330 tonnes. On the other hand, aluminium inventories declined 6375 tonnes, while Zinc stocks got subtracted by 4600 tonnes. While, stock levels of lead decreased by 125 tonnes. Copper stocks snapped its long run of built-up and unexpectedly witnessed a drawdown of 450 tonnes.