Queues to remove metal from London Metal Exchange-approved warehouses were mostly non-existent at the end of April, according to latest LME data.
There was only one queue across the whole LME network: at Istim's warehouses in Port Klang, Malaysia.
The waiting time to take aluminium out of Istim warehouses in Port Klang was 26 as of the last working day in April 2020. This compares with a waiting time of 15 days at the end of March.
At the end of January,
queues had built up across the LME warehouse network in Asia due to a series of large cancellations, but these have all disappeared.
The main reason...