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Surge In Aluminum Canceled Warrants Not A Sign Of Rising Demand

iconFeb 2, 2012 09:34
Source:SMM
A rise in aluminum canceled warrants in London Metal Exchange-bonded warehouses since the start of the year is the result of market participants repositioning metal between different locations.

SINGAPORE, Jan 31 (Dow Jones)-- A rise in aluminum canceled warrants in London Metal Exchange-bonded warehouses since the start of the year is the result of market participants repositioning metal between different locations and doesn't indicate a surge in nearby consumption, industry participants told Dow Jones Newswires.
 

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