Saturday, 23 February 2013

Base metals Inventory on International exchanges as on 23.02.2013


INVENTORY REPORT(IN TONNES)

Exchange
Base Metal
Previous Week
This Week
Change
% Of Change

Copper
401675
423350
21675
5.40

Lead
287150
288025
875
0.30
LME
Zinc
1193550
1185150
-8400
-0.70

Nickel
153480
154500
1020
0.66

Aluminum
5145150
5164200
19050
0.37






COMEX
Copper
74806
75088
282
0.38







Copper
196699
207709
11010
5.60
SHFE
Lead
120038
126138
6100
5.08

Zinc
318804
325555
6751
2.12

Aluminum
429551
471652
42101
9.80


Base Metal stocks raised this week in the exchange warehouses from Last week as per exchanges Inventory data.Base metals stocks rise relatively negative effect on Metal Prices.

Base Metals Price Correlation with Inventory

A warehouse stock is the barometer to determine the price of particular commodity, there is an inverse relationship between stocks and prices as movement in stocks determine the price direction, a sharp decline in stocks indicates the demand is improving with less supply, however this relationship works better for long term perspective.


Exchange
Base Metal
Previous Week
This Week
Change

Copper
448.35
423.55
-24.8

Lead
132.35
124.75
-7.6
MCX
Zinc
117.4
112.3
-5.1

Nickel
994.8
917.5
-77.3

Aluminum
115.8
109.2
-6.6


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