London Metal Exchange Warehouse Stocks (January 29)
Metal Tonnes in Storage / Change from previous day
Aluminum 2731850 +12500
Copper 454925 +3125
Nickel 82764 +798
Lead 52175 +50
Zinc 320575 +5800
Large increases in stockpiles for all base metals today.
Not a definitive guide I know, but a fairly good indicator of where we are.
Demand and commodity prices to stay flat for some time it would seem.
