15th day of Cu inventory drops on the LME in a row. Gotta be a...

15th day of Cu inventory drops on the LME in a row. Gotta be a good sign:
from Bloomberg:

Falling Inventories

Copper may gain as falling inventories signaled stronger demand, said Eliane Tanner, an analyst at Credit Suisse Group AG in Zurich. Warehouse stockpiles tallied by the London Metal Exchange fell for a 15th day to 520,675 metric tons, the lowest level since Jan. 12.

We are still positive on the complex, first of all because of the decline in inventories on the LME, Tanner said. We also expect the economic recovery to continue, so we expect demand to pick up.

Copper for delivery in three months fell 0.1 percent to $7,440 a metric ton ($3.38 a pound) at 6:54 p.m. on the LME. Nickel and tin rose. Aluminum, lead and zinc dropped.

To contact the reporters on the story: Anna Stablum in London at [email protected]; Millie Munshi in New York at [email protected].