The copper inventory on the London Metals Exchange has declined further to 386,550 tonnes.
Today its 384,950 tonnes. thats a decline of 1600 tonnes or less than .5% percent yet the CDU S/P went down over 1% today - Looks like the S/P is declining at twice the rate of the LME stocks - Go figure you would think it should be going up if the LME level was a relevant indicator to CDU.
CDU Price at posting:
$1.85 Sentiment: None Disclosure: Held