Bloomberg
Aluminum Canceled Warrants Climb to Highest Since at Least 1997
Edited by : AL CIRCLE
1 min read
Orders to draw aluminum from warehouses monitored by the London Metal Exchange climbed to the highest level since at least October 1997, daily exchange figures showed today.
Total canceled warrants, as the orders are known, rose 14,275 metric tons to 514,650 tons, the highest level in more than 13 years. Most orders were registered in Malaysia, with 16,200 tons canceled in Johor. Canceled warrants at the location have surged 285 percent since the beginning of June. Total aluminum stockpiles fell for a seventh day, declining 4,175 tons to 4.68 million tons.
Copper inventories were little changed at 473,475 tons, canceled warrants fell 575 tons to 19,650 tons. Lead stockpiles increased 450 tons to 323,825 tons, the highest level since February 1995, while zinc stocks were little changed at 854,025 tons.
Total canceled warrants, as the orders are known, rose 14,275 metric tons to 514,650 tons, the highest level in more than 13 years. Most orders were registered in Malaysia, with 16,200 tons canceled in Johor. Canceled warrants at the location have surged 285 percent since the beginning of June. Total aluminum stockpiles fell for a seventh day, declining 4,175 tons to 4.68 million tons.
Copper inventories were little changed at 473,475 tons, canceled warrants fell 575 tons to 19,650 tons. Lead stockpiles increased 450 tons to 323,825 tons, the highest level since February 1995, while zinc stocks were little changed at 854,025 tons.
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