The LME headline figure hit a fresh 3-year high Monday thanks to accelerated inflow at Baltimore in a combination of sow and T-bar.
| LME Aluminium Stocks | ||||||
| Previous | In | Out | Total | Open | Cancelled | Change |
| 839,625 | 8,800 | 1,600 | 846,825 | 819,875 | 26,950 | +7,200 |
| Location | In | Out | Cancellations |
| Trieste | 0 | 25 | 0 |
| Pusan | 0 | 150 | 4,000 |
| Singapore | 1,450 | 1,125 | 175 |
| Baltimore | 7,350 | 50 | 0 |
| Detroit | 0 | 150 | 0 |
| Longbeach | 0 | 0 | 250 |
| New Orleans | 0 | 50 | 0 |
| St Louis | 0 | 50 | 0 |
Aluminium stocks registered with the LME have now risen by a net 20,100t in the space of just two reporting days with the inflow switching from Liverpool on Friday to the US east coast yesterday.
Singapore remains a near constant in terms of daily arrivals, although it also remains one of the most active locations on the “out” side. The net build here since the start of August has been a relatively modest 1,950t.
The big increases of the last two days have masked a steady re-filling of the cancelled pipeline with cancelled tonnage now some way off its recent Aug 22 low of 17,125t.
The overall ratio of cancelled tonnage in the system has just risen above the 3.0% mark for the first time since late July, suggesting a pick-up in the daily draw rate going forwards.
| LME Alloy Stocks | ||||||
| Previous | In | Out | Total | Open | Cancelled | Change |
| 75,740 | 0 | 20 | 75,720 | 73,700 | 2,020 | -20 |
LME alloy stocks movement was Monday limited to the draw of a single lot of DIN226 ingot at Rotterdam.
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