Aluminium and Zinc stocks decline

FXStreet (Mumbai) - The daily Inventory data from the London Metal Exchange (LME) released today showed a decline in the inventory levels of Aluminium and Zinc, while the inventory levels of Copper, Lead, and Nickel increased.

The Aluminium stocks declined by -8525 tonnes, while the Zinc stocks fell by 2650 tonnes. Meanwhile, Copper, Lead and Nickel inventory levels rose by 1575 tonnes, 700 tonnes, and 1230 tonnes respectively.

The metal prices are under pressure today as the risk aversion continues to dominate the market sentiment. The concerns of a slowdown in global growth are also hurting the metal prices.