Copper inventories on LME increased by 2575 tonnes. Increase in inventory ended up being due to improve in both on warrants and cancelled warrants.
Inventory of zinc increased by 27950 tonnes today. Addition to stocks because of 30275 tonnes of the steel being added on to warrants while cancelled warrants declined only 2325 tonnes.
Nickel inventories also saw additions that are large stock increasing by 19068 tonnes today. Inventory enhance was due to upsurge in both on warrants and warrants that are cancelled.
Today Aluminium inventory decreased by 3525 tonnes. Decline in inventories was due to a more substantial decrease in cancelled warrants. On warrants increased by 208125 tonnes, however, cancelled warrants declined by 211650 tonnes.
Lead inventories decreased by 1475 tonnes today. Decline in inventory was due to cancelled warrants declining by 1475 tonnes.
Overall with inventory data is not supportive for prices.