Wednesday brought draws from Antwerp (60t), Trieste (40t) and Rotterdam (20t), extending the current long-running downtrend.
Another 400t were cancelled in the form of DIN226 ingot at Singapore, ensuring that the cancelled pipeline remains well topped up for further draws in the days ahead.
The underlying downtrend in LME-registered stocks of NASAAC is back in full flow with the last two days’ cumulative 320t decline just about offsetting Monday’s 360t net rise.
Most of the action yesterday was at Baltimore, which lost 180t and saw another 40t cancelled. Detroit lost 60t of small sow.
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