Queue at LME warehouses in Johor rises, 155-day wait in Port Klang

The waiting time to deliver aluminium out of Istim’s London Metal Exchange-registered warehouses in Johor, Malaysia, has risen to 78 days, according to the LME’s latest queue report.

The 78-day queue at the end of July is up from just eight days at the end of June.

Over July, no fresh units were delivered into Istim’s Johor warehouses and only 34,275 tonnes were delivered out. Total stock now sits at 129,116 tonnes but 60% of this is canceled stock, which is waiting to be delivered...

Published

Alice Mason

August 10, 2021

13:21 GMT

London