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MI NASAAC stocks analysis: Surge to fresh highs

Tuesday, Jan 09, 2007
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LME-registered stocks of NASAAC surged by 11,820t to fresh life-of-contract highs last week. That was largely due to the warranting of 10,860t at Chicago in the first two days of the new year but note that 2,000t were also cancelled here on Friday itself, which suggests that this metal may be only due to spend a short period of time in the system.

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