A 118-day queue for aluminium has developed at warehouses in Port Klang operated by Istim, following a series of cancelations on the London Metal Exchange last month, according to LME data released on Monday February 11.
Between January 22 and 25, almost 300,000 tonnes of aluminium was canceled at warehouses in Port Klang, causing the extended wait for deliveries.At the end of December, there was just 30,000 tonnes of aluminium canceled in Istim's Port Klang warehouses. This has...