MI aluminium stocks analysis: Fast build continues

More hefty warranting activity at Rotterdam generated the ninth consecutive net daily rise in the headline LME aluminium stocks figure, bringing the cumulative increase to 67,900t. The Dutch port has received 20,875t over the last three reporting days. Over that time it has been joined by Johor, the Malaysian location receiving 2,525t. Draws remain robust and another 3,575t of fresh cancellations Wednesday suggests they will continue in this vein for some time, but they are making little impact on this accelerated build in LME inventories.