Fresh queues have emerged at warehouses in South Korea, Malaysia and Singapore due to further cancellations – mainly for aluminium.
In Gwangyang, South Korea, there is an 18-day wait to deliver copper, lead, aluminium and zinc out of Access World warehouses as of January 31.
In Johor, there is a queue of nine days at the Access World warehouses and 13 days at Steinweg for the same metals. There is also a 31-day queue at the Istim warehouses in Johor for aluminium.
Over 115,000 tonnes of aluminium was freshly canceled in Johor in January. At the Istim warehouse where there is the largest queue,...