MI alloy stocks analysis: More cancellations

As well as another robust round of draws, Thursday brought more cancellations with a total 800t moving into this category, split between 580t of DIN226 ingot at Singapore and 220t of A380 ingot at Trieste.

The keeps the cancelled pipeline nicely topped up and suggests a continuation of the current downtrend. LME-registered stocks of alloy have now fallen by 14,520t since the start of January.
Yesterday brought draws of DIN226 from Antwerp (60t), Rotterdam (100t) and Singapore (120t). Trieste lost 100t of A380 ingot.