ADVERTISEMENT

Queue to take aluminium out from ISTIM's Port Klang warehouses now 118 days


Aluminium ingots are seen outside a warehouse that stores London Metal Exchange stocks in Port Klang Free Zone, outside Kuala Lumpur. - Reuters filepic

Aluminium ingots are seen outside a warehouse that stores London Metal Exchange stocks in Port Klang Free Zone, outside Kuala Lumpur. - Reuters filepic

LONDON: Queues to take aluminium out of London Metal Exchange-approved warehouses owned by ISTIM UK in Port Klang, Malaysia, jumped to 118 days at the end of January from zero in December, data from the exchange showed on Monday

Cancelled aluminium warrants -- material earmarked for delivery -- in ISTIM's Port Klang warehouses stood at 309,800 tonnes, or 60 percent of the 516,188 tonne total, at the end of last month.

Corporate News

   

ADVERTISEMENT