Nov 19, 2009 - 8:10 AM EST
LME warehouse inventories. Not looking very good with many base metals at or near multi-year highs and there being increasing market suspicion that a large part of the apparent demand rebound from China this year was purely speculative and that actual industrial demand is quite weak as represented by the fall off in imports in October.
LME global warehouse inventories of copper:
Source: Seeking Alpha (Nov 19, 2009 - 8:10 AM EST)