MI alloy stocks analysis: Still falling fast

LME stocks of alloy are on an accelerated downtrend right now with metal being drawn at a fast clip every day and more cancellations taking place regularly. Wednesday's draws came at Singapore (400t of DIN226), Rotterdam (20t of DIN226), Genoa (20t of A380) and Liverpool (20t of A380). The 200t of fresh cancellations were all in the form of DIN226 ingot and were split equally between Rotterdam and Antwerp.