01 JULY 2015www.indiainfoline.com
Chinese imports of primary aluminium ingot likely to rise in coming months
Edited by : AL CIRCLE
1 min read
Chinese imports of primary aluminium ingot are likely to rise in coming months after the price of the metal fell on the global market, prompting end-users to buy, industry and trading sources said on Thursday.
The weak London Metal Exchange (LME) price is opening a rare arbitrage opportunity for Chinese investors to sell aluminium futures in Shanghai and buy on the LME, which may result in some imports, the sources said. Imports of primary aluminium fell 79 per cent in the first four months of 2015 compared with a year before.
Spot primary aluminium ingots have been offered at premiums of about US$105-$130 per tonne to Chinese buyers, down nearly two-third from January
The weak London Metal Exchange (LME) price is opening a rare arbitrage opportunity for Chinese investors to sell aluminium futures in Shanghai and buy on the LME, which may result in some imports, the sources said. Imports of primary aluminium fell 79 per cent in the first four months of 2015 compared with a year before.
Spot primary aluminium ingots have been offered at premiums of about US$105-$130 per tonne to Chinese buyers, down nearly two-third from January
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