Large removal planned despite backwardation, signaling tight supply.
Summary :
Trader’s holdings totaled 426,000 tons as of September 4
Mercuria indicated it will cancel 100,000 tons for delivery
Industry sources say move is unusual in backwardated market
Link of full article :
https://www.reuters.com/markets/commodities/mercuria-plans-take-large-amounts-aluminium-lme-storage-sources-say-2025-09-16/?utm_source=chatgpt.com