The waiting time for aluminium to be delivered from Istim's warehouse in Port Klang, Malaysia, rose to 68 days at the end of July, according to the latest London Metal Exchange queue report, up from 34 days at the end of June.
The build-up in the queue follows over 200,000 tonnes of aluminium being canceled during July. Some 49,125 tonnes of aluminium was freshly canceled on July 9 - the single largest total for the month - this came after 43,525 tonnes was canceled on July 8 and 40,050 tonnes on July 6. Following large cancellations at the...