Bloomberg
Aluminum Inventories Decline for a Sixth Day, LME Data Show
Edited by : AL CIRCLE
1 min read
Aluminum inventories tracked by the London Metal Exchange fell for a sixth day, led by declines in the U.S., daily exchange figures showed today.
Stockpiles of the metal dropped 6,350 metric tons to 4.69 million tons, with 3,250 tons delivered out of warehouses in Detroit, Mobile, New Orleans and Chicago. The U.S. accounts for 47 percent of total LME aluminum inventories. Orders to draw aluminum from LME stocks, or canceled warrants, fell for a second day to 500,375 tons.
Copper stockpiles rose 2,650 tons to 473,500 tons, the highest level in almost a year, while canceled warrants increased 700 tons to 20,225 tons.
Lead stocks, at the highest level since 1995, were little changed at 323,375 tons, the data show. Zinc stockpiles were little changed at 854,200 tons, after climbing to 855,075 tons on May 25, the most since 1995.
Stockpiles of the metal dropped 6,350 metric tons to 4.69 million tons, with 3,250 tons delivered out of warehouses in Detroit, Mobile, New Orleans and Chicago. The U.S. accounts for 47 percent of total LME aluminum inventories. Orders to draw aluminum from LME stocks, or canceled warrants, fell for a second day to 500,375 tons.
Copper stockpiles rose 2,650 tons to 473,500 tons, the highest level in almost a year, while canceled warrants increased 700 tons to 20,225 tons.
Lead stocks, at the highest level since 1995, were little changed at 323,375 tons, the data show. Zinc stockpiles were little changed at 854,200 tons, after climbing to 855,075 tons on May 25, the most since 1995.
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