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MI alloy stocks analysis: Modest weekly fall

Tuesday, Feb 06, 2007
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LME-registered stocks of alloy fell by 160t last week with no arrivals and a steady trickle of metal out of Rotterdam. The year-to-date movement is a mild net decline of 260t.

Draw rates should pick up a little soon given the cancellation of 660t last week—500t of A380 ingot at Genoa and 160t of DIN226 ingot at Rotterdam.

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