Copper inventories on LME increased by 2575 tonnes. Escalation in stock ended up being due to improve both in on warrants and cancelled warrants.
Today Inventory of zinc increased by 27950 tonnes. Addition to stocks because of 30275 tonnes of the steel being added on to warrants while cancelled warrants declined just 2325 tonnes.
Nickel inventories also saw large additions with stock growing by 19068 tonnes today. Inventory increase was due to boost in both on warrants and cancelled warrants.
Aluminium inventory decreased by 3525 tonnes today. 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 reduced by 1475 tonnes today. Decline in inventory was as a result of warrants that are cancelled by 1475 tonnes.
Overall with inventory information is not supportive for prices.