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Chinese aluminum imports to rise as arbitrage opens

Monday, Dec 19, 2011
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 Reuters reported that China's primary aluminum imports are likely to rise until March with investors and merchants ramping up purchases after an arbitrage window between the London Metal Exchange and Shanghai opened for the first time since 2009.

 
 
Benchmark 3 month LME aluminum dropped more than 18% from end 2010 to USD 2,017.5 per tonne. Shanghai third month aluminum contract fell by less than 6% during the same time, supported by lower domestic production.

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