The waiting time for deliveries of aluminium from London Metal Exchange warehouses in Port Klang, Malaysia, is estimated to be as far out as to September or October after a series of large cancellations, sources told Fastmarkets on Friday March 26.
Over the past two weeks, 513,000 tonnes of aluminium have been canceled at warehouses in Port Klang. including over 190,000 tonnes on single day on March 19.Of the 1,155,875 tonnes of aluminium...