ANALYSIS-LME stocks show demand, but summer downturn seen

Newswire

* Demand uptick priced into metals, fundamentals ignored * Holiday slowdown likely to push cancelled warrants lower By Michael Taylor LONDON, June 30 (Reuters) - London Metal Exchange stocks are falling while the share earmarked for delivery is rising, but these signs of strong demand for metals are having little impact on price as the market looks to a downturn ahead, analysts said. The drop in overall inventories and rise in cancelled warrants -- material earmarked for delivery -- ...

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