Nickel inventory rises while Copper inventory remains unchanged.

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

Aluminium inventory declined again, falling by 14875 tonnes today. Meanwhile, Zinc inventory and Lead inventory declined by 1650 tonnes and 275 tonnes respectively. Nickel inventory increased by 90 tonnes, while Copper inventory remained unchanged.

Metal prices have weakened today on concerns of a slowdown in demand from China.