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MI alloy stocks analysis: New burst of cancellations

Friday, Apr 20, 2007
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Cancelled tonnage was boosted to a fresh 2007 high yesterday thanks to 1,240t of fresh cancellations, which should keep draw rates robust going forwards. They were split between 840t of A380 ingot at Trieste and 400t of DIN226 ingot at Singapore.

Meanwhile, the downtrend continues uninterrupted by any arrivals. Wednesday brought draws of DIN226 ingot from Rotterdam (100t) and of A380 from Trieste (120t) and Genoa (20t).

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