Arbitrage for copper, aluminium and zinc imported into China*
Copper
Three-month: -$116(-713 yuan)
Cash:- $144(-887yuan)
Zinc
Three-month: $5(29 yuan)
Cash: -$27 (-163 yuan)
Aluminium
Three-month: -$55 (-341 yuan)
Cash: -$65 (-401 yuan)
*The arbitrage numbers are calculated daily by Metal Bulletin using SHFE and LME prices at 3pm Shanghai time, taking account of VAT and import duties (where applicable) and exchange rates at the time of comparison. For details of physical premiums in Shanghai, and other Asian locations, please see Metal Bulletin price book.” editorial@metalbulletinasia.com
