Although LME stocks have fallen over the course of the month by around 3.6 percent to 13,025 tonnes they are still almost 3.500 tonnes above the levels seen in April 2000. Stocks have been over 10,000 tonnes since the middle of last year, following the summer slowdown despite the stronger demand seen in the second half of the year. With consumption expected to remain light throughout the rest of the quarter, premiums are forecast to continue their neutral to softer stance. This has been reflected in premiums for Rotterdam delivered Malaysian material where quotes have fallen from
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