Nasaac warehouse stocks rise, approach high set in August '03
Nov 23, 2004 | 10:47 AM
| Paul Schaffer
A recent rise in warehoused aluminum alloy might soon push the tally above 100,000 tonnes for the London Metal Exchange's North American special aluminum alloy contract (Nasaac).
Increasing inventories sometimes signal that transactions on the futures exchange are more attractive to sellers than prices in the physical marketplace. However, deliveries to warehouses might not involve changes in ownership....
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