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Aluminum Orders Increase to Two-Week High on Bookings in Asia
Edited by : AL CIRCLE
1 min read
Orders to draw aluminum from warehouses monitored by the London Metal Exchange rose to the highest level in more than two weeks, led by increases in South Korea and Malaysia.
Canceled warrants, as the orders are known, rose 29,075 metric tons, or 7.7 percent, to 405,850 tons, the highest level since July 7, exchange data showed today. A total of 20,625 tons were canceled at Gwangyang, South Korea, while 15,475 tons were booked at Johor. Aluminum stockpiles declined 10,325 tons to 4.38 million tons, the lowest since Jan. 10.
Canceled warrants, as the orders are known, rose 29,075 metric tons, or 7.7 percent, to 405,850 tons, the highest level since July 7, exchange data showed today. A total of 20,625 tons were canceled at Gwangyang, South Korea, while 15,475 tons were booked at Johor. Aluminum stockpiles declined 10,325 tons to 4.38 million tons, the lowest since Jan. 10.
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