Metal held outside London Metal Exchange warehouses decreased for the fourth month running, down by 12% to 913,825 tonnes in June from just over 1 million tonnes in May.
The LME's latest off-warrant stock report showed a decrease of 338,158 tonnes in June, following a fall of 140,246 tonnes in May.In April, there were 1,010,360 tonnes of aluminium alone outside of LME warehouses.Copper and lead had large decreases over June, with the amount of material held for those two metals dropping 38.3% and 37.4% respectively during June. Tin's off-warrant stocks had the largest fall, to just 40 tonnes in Port Klang in June from 647 tonnes in May. In contrast, zinc stocks reported the largest increase, of 11.4%, to 85,838 tonnes with a build up-in Asia. Nickel's off-warrant stocks were...