MI NASAAC stocks analysis: Downtrend back in force

After being halted for much of July by regular inflow at Chicago the underlying downtrend in LME-registered stocks of NASAAC reasserted itself last week. There were no fresh arrivals. Stocks fell by 1,020t and cancellations accelerated to 2,140t, keeping the cancelled pipeline well topped up. It is capable of supporting daily draws at current rates for many more days.