Aluminium stocks continue to fall

The daily inventory data released by the London Metal Exchange (LME) today showed a decline in the inventory levels of Aluminium, Lead and Zinc. The data also showed a rise in the inventory levels of Copper and Nickel.

Aluminium inventory continued its down trend, falling by 8575 tonnes today. Meanwhile, Zinc inventory and lead inventory declined by 1625 tonnes and 500 tonnes respectively. Inventory level of Copper and Nickel rose by 150 tonnes and 930 tonnes respectively.

Nickel prices, on the LME, are trading up for the first time in four days. Meanwhile, aluminum, tin and lead rose, while zinc fell. Copper prices are down 0.6% heading for a weekly drop.

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