Total exchange stocks of most industrial metals have fallen over the past month, but cancelled warrants have in most cases also declined which points to lacklustre demand. We expect inventories to build over the course of 2018 as supply bottlenecks ease and growth in China’s demand softens.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services