MI alloy stocks analysis: One-year lows

LME-registered stocks of alloy fell to a one-year low yesterday thanks to a second day of continued accelerated "out" side activity at Singapore, which lost 580t of DIN226 ingot. Another 200t of the same specification metal were cancelled at Singapore, meaning it still has 1,380t sitting in the cancelled category awaiting draw. The rest of Wednesday's action came at Rotterdam, which lost 60t of DIN226 ingot, and Antwerp, which lost 20t of DIN226 large sow.