17 AUGUST 2011alu
Aluminum Waiting Times May Lengthen in Malaysia as Orders Jump
Edited by : AL CIRCLE
1 min read
Obtaining aluminum from London Metal Exchange warehouses in Johor, Malaysia, may take longer after orders to draw the metal from local stocks jumped to the highest level in more than seven years.
Orders to draw aluminum from Johor warehouses, known as canceled warrants, jumped 19,350 metric tons, or 33 percent, to 78,350 tons, the highest level since at least July 2004, exchange data showed today. That’s the second increase in four sessions after bookings climbed 32 percent on Aug. 12.
Orders to draw aluminum from Johor warehouses, known as canceled warrants, jumped 19,350 metric tons, or 33 percent, to 78,350 tons, the highest level since at least July 2004, exchange data showed today. That’s the second increase in four sessions after bookings climbed 32 percent on Aug. 12.
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