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MI NASAAC stocks analysis: Fresh 10-month high

Tuesday, Dec 19, 2006
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LME-registered stocks of NASAAC rose by a net 920t last week with Friday's addition leaving the headline figure at a fresh 10-month high and showing a year-to-date increase of 4,980t.

Detroit, Owensboro and St Louis all featured warranting activity which vastly outpaced the continued trickle of metal out of Baltimore.

However, 500t of fresh cancellations lifted the amount of cancelled tonnage in the system and although the total is hardly breath-taking it does promise better draw rates in the days ahead.

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