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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (5026)1/14/2004 9:52:29 AM
From: russwinter  Read Replies (3) | Respond to of 110194
 
LME metal inventories being cleaned out a furious pace, especially copper. I've tracked about 3000 a day on copper out of London this month so far. About four months to get to zero I guess.

Yesterday's Inventory
LME Inventory
1/13/2004
Metalprices.com MT Change
Aluminum 1,431,400 3825
Al Alloy 64,380 80
NASAAC 97,900 -280
Copper 411,900 -2050
Lead 103,150 -975
Nickel 23,094 -90
Tin 14,090 -290
Zinc 737,525 -2425


COMEX Copper Settles US$/lb
Month 01/13 01/12 +/- Open Int
Jan 04 1.0835 1.0800 .0035 1284
Feb 04 1.0840 1.0810 .0030 1860
Mar 04 1.0855 1.0825 .0030 71696
Apr 04 1.0840 1.0810 .0030 931
May 04 1.0820 1.0795 .0025 5431
Jun 04 1.0785 1.0760 .0025 626
Jul 04 1.0750 1.0725 .0025 3750
Aug 04 1.0710 1.0685 .0025 518
Sep 04 1.0675 1.0650 .0025 1642
Oct 04 1.0640 1.0620 .0020 391
Nov 04 1.0605 1.0585 .0020 273
Inventory 276569 277571 -1002
Metalprices.com