LME warehouse stocks reach record high

摘要

LME warehouse stocks reached a record-high of 5.45m tonnes at the end of June, with the majority of the increment taking place in North America (Detroit warehouses +137,000 tonnes) and Europe (Vlissingen warehouses +150,000 tonnes). The majority of the build up in warrants were subsequently cancelled over the same period too, we saw cancelled warrants reach2.27m tonnes this month, a record-high too.