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

To: grusum who wrote (15739)	6/22/2004 10:26:24 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

LME Copper Storage Levels: .Week........LME Storage.......Weekly Change Ending...............(mt)......................(mt).... .5/21.............141,450................(-4175) .5/28.............133,775................(-7675) .6/04.............128,200................(-5575) .6/11.............120,950................(-7250) .6/18.............114,275................(-6675) 6/22 ............ 110,900 LME Commentary, The five week average draw from storage is 6270 metric ton. Estimation of ZERO LME storage in 17 weeks. NYMEX Weekly Numbers: .Week......Nymex Storage.......Weekly Change Ending...............(mt)........................(mt).... .5/21.............129,640..................(-9789) .5/28.............119,930..................(-9710) .6/04.............115,704..................(-4226) .6/11.............107,231..................(-8473) .6/18..............99,824..................(-7407) 6/22..............95,543 NYNEX is quoted in short tons. Short Tons converted to metric tons (1 short ton = 0.907 metric ton). NYMEX Commentary, The five week average is 7921 metric tons. Nymex storage will be ZERO in 12.1 weeks based upon the average draw. Combined LME and NYMEX Storage Levels .Week....Combined Storage......Weekly Change Ending...............(mt).........................(mt).... .5/21.............271,090..................(-13,964) .5/28.............253,705..................(-17,385) .6/04.............243,904...................(-9801) .6/11.............228,181..................(-15,723) .6/18.............214,099..................(-14,082) 6/22............. 206,443 Combined Average Weekly Draw = 14,191 metric tons. Using this average draw, both exchanges will be out of copper in 14.5 weeks.